SOL – Uptrend Intact

Solana is pulling back today but so far the breakout of the descending triangle holds.Solana yesterday rose to the price it last saw on November 23 at $235, and that’s where our first resistance lies – fairly weak yes. After breaking this resistance level, the target for Solana should be at fib 1.272 at $238, where it was last on November 17, 2021. EMA 50 should act as local support at fib 0.786.