Solana price analysis
#Binance #BTC #solanainfo #Solana
$172
has dropped to the breakout level of $162, indicating a lack of demand at higher levels.
The 20-day EMA ($164) is flattening out, and the RSI is just above the midpoint, signaling a minor advantage to the bulls. If the bounce sustains, the bulls will try to drive the SOL/USDT pair to $189 and, after that, to the overhead resistance at $205.
On the other hand, if the price turns down and breaks below $162, it will signal that the bulls have given up. That could start a downward move to $140 and later to $126. The bulls are expected to defend this level with vigor.
