SOL – Fails to Clear Resistance

Though Solana rallied slightly yesterday, this small movement can not assure that Solana is bullish because of the double top. Solana is more likely to reverse first to the local support at $180, fib 0.786, and then finally to the support zone of $178, fib 0.5. This support is pretty strong is expected to survive a bearish wave even if Bitcoin falls to $46,000 again. There is considerable resistance at $189 and Solana is bullish above that level.