3 min readSOLANA (SOL/USD):
Solana, another altcoin, has experienced significant price declines during the festive season. It is currently trading at slightly above $190.00.
A closer examination of the technicals reveals a clear pattern of price being trapped between both the internal ascending and descending trend lines. If the price continues to move lower, I’m particularly interested in observing how it reacts to the internal ascending trend line. This trend line aligns with the resistance area we previously broke above, which is now serving as a support level.
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