SOL – Upside Risk

While other coins decline, there’s reason to believe that Solana could rally. SOL is ascending on a rising trend line making higher highs since September 22, 2021. The next high was to be formed at $212 however, Solana rose to $260 making a green spike in November. The Bitcoin correction dropped Solana to the base and now it’s rising above to test the upper trend line. On the daily chart, Solana is ranging below a falling trend line and a breakout confirmation from this level at fib 0.618 will be bullish as the trend line marks the next target at $280 at fib 1.272.