Solana Price Analysis
Solana has been correcting inside a descending channel pattern, suggesting that rallies are being sold
The SOL/USDT pair has bounced off the channel support line, signaling strong buying on dips. The relief rally is likely to face selling at the 20-day EMA ($229) and then at the resistance line. If the price turns down from the overhead resistance, the pair could remain within the channel for some time.
The next trending move is expected to start with a break above or below the channel. If buyers manage to push the price above the resistance line, the pair could rally to $248 and then to $264.#Solana