Posted 1/16/2024, 12:30:00 PM
Solana Price Consolidates After Record High, But Bullish Signals Remain for 2024
- Solana (SOL) price has been declining in a symmetrical triangle pattern since reaching a high of $126 in December 2023
- Over 2,500 developers now working on Solana Network; positive outlook for 2024
- Technical analysis suggests SOL is undergoing correction before continuing bull run to $168
- Breakdown from current triangle pattern could lead to 28% drop to $72 support level
- SOL faces resistance at $126 (Dec high) and $168 (0.618 Fib level) if uptrend resumes