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Recovering from a sluggish pace, Solana has these milestones to watch out for
Reading now: 474
Solana has been rather sluggish since showering investors with gains of 42% during late-October. An ATH tagged at $219 was countered by profit-taking, forcing bulls to stay vigilant at a support zone of $177-$185. However, a gradual recovery has been underway since.
Now that a descending triangle was negated and the RSI and Awesome Oscillator flashed favorable readings, SOL eyed new goals moving forward. At the time of writing, SOL traded at $210, up by 9% over the last 24 hours.
Source: SOL/USD, TradingView
SOL’s descending triangle was a result of several lower highs observed during the past week. Two bearish attacks at the baseline (around $185) were successfully defended as bulls held SOL within the pattern. This bearish setup was finally
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