Solana price analysis.....๐๐๐
The bears pulled Solanaย
$144
ย below the $126 support but could not maintain the lower levels, indicating buying by the bulls. #SOL/USDT daily chart.
The SOL/USDT pair has reached the 20-day EMA ($145), an important level to watch out for. If buyers overcome this barrier, the pair may climb toward the overhead resistance of $162. This level may attract selling by the bears.
The crucial support to watch on the downside is $126. If the price turns lower from the 20-day EMA and breaks below $126, it will signal the start of the next leg of the down move. The pair may then slump to $100.
#altcoins #BlackRock #MicroStrategy #CryptoWatchMay2024 $BTC $ETH $SOL