$SOL Solana price analysis...........๐๐๐
$143
ย turned down from the overhead resistance of $162 on April 24, indicating that the bears are active at higher levels.
#SOL/USDT daily chart.
The 20-day EMA ($153) is sloping down gradually, and the RSI is in the negative zone, indicating that the bears have the edge. The SOL/USDT pair could descend to the solid support at $126. If the price rebounds off this level with strength, it will indicate that the pair may remain sandwiched between $126 and $162 for a while longer.
The first sign of strength will be a break and close above the 50-day SMA ($168). That will open the doors for a possible rally to $205. Contrarily, a break below $126 could sink the pair to $100.
