$SOL

Bears have pulled Solana below the 20-day EMA ($230), indicating that bulls are losing control.

There is minor support at $222, but if the level gives way, SOL/USDT could slide towards the $210 breakout level. This is an important level for buyers to protect if they want to keep the bullish sentiment intact. If the price rises from $210, it will signal that the level is acting as a new floor.

On the upside, a close above $236 could start a move higher towards $265. Bears are expected to mount a strong defense at $265, but if bulls prevail, the pair could rise to $304.