SOL – Near Miss Dump

Solana rebounded strongly on Fed day, breaking the descending triangle pattern in the process.  Solana here is at the local resistance level of $188, fib 1.44. The local support of Solana is first at the convergence of the 200 and 100 EMA.  However it seems like the support of the curve line will not be respected so long as the selling pressure rises on a shorter time frame.