$SOL

SOL Price Analysis: Bull-Bear Battle, Key Support Determines Future Trend!

Brothers, the recent trend of SOL has really made people sweat! Bulls are working hard to withstand the pressure of the pullback, and the price is still above the upward trend line, which means market demand is still low, but the power of the bears should not be underestimated.

The 20-day moving average is declining, positioned around $210, and the RSI is also close to the oversold area, which is a typical signal of bear dominance! If SOL encounters the 20-day moving average during a rebound, it is expected to face a wave of fierce selling. If the price breaks below this upward trend line, it could trigger a larger pullback, with targets possibly falling to $155, or even $135.

But the good news is that if the bulls can fight back, successfully push the price up, and maintain it steadily above the moving average, it can temporarily avoid further declines and keep the hope of further increases alive!

The key is whether it can break through the $210 20-day moving average. If successful, SOL is expected to resume its upward trend; otherwise, beware of downside risks, especially the support level at $155!