#sol price analysis
Solana has broken out of the 50-day SMA ($219), indicating that the bulls are attempting to extend the recovery.
The upsloping 20-day EMA ($205) and the RSI in the positive territory indicate that buyers have an edge. If the price sustains above the 50-day SMA, the SOL/USDT pair could climb to $235 and then to $247.

Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it will signal that bears remain sellers on rallies. The pair could descend to the support line, where buyers are expected to step in.