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Solana needs to pause here before it can climb again
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
2021 has been a phenomenal year for Solana thus far. Its year-to-date ROI stood at a staggering 11,000%, albeit a huge chunk of these gains accumulated during its bull run post July. With healthy metrics backing its price movement, SOL is looking to continue its uptrend heading into November.
Even though its near-term trajectory hit a roadblock at around $216, certain support channels can be expected to aid SOL’s hunt for newer price levels.
At the time of writing, SOL was trading at $208.3, down by 1% over the last 24 hours.
Source: SOL/USD, TradingView
Currently, a double top is preventing SOL from accessing the
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