đšSolana price analysisđ„¶
The bulls are struggling to push Solana
tickers down
$175
above the 20-day EMA ($178), signaling that the bears are trying to flip the level into resistance.
The bears will try to sink the SOL/USDT pair below the 50-day SMA ($159), but the bulls are likely to vigorously protect the level. If the price rebounds off the 50-day SMA and rises above the 20-day EMA, it will suggest that the pair may consolidate between $162 and $205 for a while longer.
Alternatively, if the price continues lower and breaks below the 50-day SMA, the pair will complete a double-top pattern. The pair could collapse to the next strong support at $126.
