Solana broke out of the triangle for the second time, is this the proper breakout this time, can we expect a confirmation of a new support at $26-$27? Lets have a look at the chart!
Solana is definitely dealing with the $30 resistance level but if Solana can confirm a support in $26 range that would be a very good sign! Also once Solana gets in to the purple rectangle zone it will be quite difficult to predict the resistance and support levels as the area is very choppy and it will most likely get very volatile in this range!
The top in the previous bullrun was $257 Some say that Solana might never go back to this level.
According to Coingecko the circulating supply is 416,721,293 total supply is 560,554,737 but unfortunately that is not the total amount that can be minted, it looks like Solana can mint unlimited amounts of coins under the max supply! So yes Solana might have a hard time going back to $250 level!
All the Best,
Aventurine!
