SOL Still Hope on Lower Time Frames

Solana is tumbling below the support level of $147 making lower lows as a reaction to the bearish market trend. With this continued pattern of making lower lows, Solana is also forming lower highs, each 15% lower from the previous one. If this trend is followed, to form the new lower high Solana might rise to $171, fib 0.786. Though the bearish trend will continue on a larger time frame, this move will be quite bullish on hourly time frames and lower. Solana has support at $117 and the resistance is at the falling trend line – $117.