Price analysis $SOL
Solana - $SOL has flexibly surpassed the threshold of 164 dollars in November, reflecting the strength of buyers. Buyers are currently pushing hard to push the price past the temporary resistance at 183 dollars. If successful, the pair #SOLUSDT could rise to 189 dollars.
On the contrary, sellers will seek to curb the upward momentum at 189 dollars. In the event that buyers continue to maintain control, this currency pair could reach the 210 dollar mark, which is the next potential target.
However, if the price shows signs of decline and breaks below the 164 dollar level, it will be an indicator that buyers are showing signs of concern and wanting to exit. At that point, the SOL/USDT pair could adjust down to the 50-day SMA, around 152 dollars, and then to the upward trend line.
Monitoring price movements will be very important during this period. Buyers need to steadfastly maintain the upward momentum to avoid being subdued. Conversely, if sellers regain the initiative, the market could witness a deeper correction. Be sure to closely monitor resistance and support levels in the coming time.
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