SOL in Descending Triangle pattern

Solana in descending triangle pattern was holding the price at the base but it broke below with the confirmation candles.

The support level for SOL was at the base of the triangle pattern above the $200 mark but this support level could not hold the decline and it plunged to fib 1.618 at $186. The resistance lies near the $200 mark where it meets EMA 200 line. Bitcoin seems bearish so we’ll see more decline in altcoin including Solana.