🚨 $SOL (Solana) Prices Analysis 🚨
Solana is ranked 5th in market cap comparison, this is pumped from the increasing enthusiasm of traders for #SolanaMemeCoins and several large projects running on the solana network.
Otherwise, in the past day the failure of the bulls to start a strong bounce in Solana tickers down from the 20-day EMA ($165) shows a lack of demand at the current levels.
The bears will try to strengthen their position by pulling the price below $162. If they do that, the $SOL pair could drop toward $140. There is a minor support at the 50-day SMA ($152) but it is unlikely to hold.
Contrary to this assumption, if the price turns up from the current level and rises above $174, it will suggest that the bulls are trying to retain the advantage. The pair could then climb to $189 and eventually to $205.
So, what do you think? 👾
Information Source : Coin360, TradingView.
