Solana price analysis

tickers down

$143

has pulled back to the moving averages, which is an important support to watch out for in the near term.

SOL/USDT daily chart. Source: TradingView

If the price rebounds off the moving averages and breaks above $152, the SOL/USDT pair could rally to $164. This level may pose a strong challenge, but if bulls overcome this obstacle, the pair could travel to $180 and later to $210.

Contrary to this assumption, if the price turns down sharply and breaks below the 20-day EMA ($139), it will suggest that the bears continue to sell on relief rallies. The pair could swing between $164 and $116 for some time.

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