Sol seems to be strong.
Solana’s AUM grows by $4.5 million
As downside risks intensify for Bitcoin and other crypto assets such as Ethereum and Ripple.
Solana price gained fresh liquidity at $140 on Sunday
Solana Price Analysis: SOL recovers from key support
Solana price is in a trend reversal after gaining liquidity at the $140 support level, which is reinforced by the 200-day exponential moving average (EMA). A break above the $150 level is expected during the U.S. session, and bulls may follow up to extend the bullish momentum to $180.
Key profit targets include the confluence resistance formed by the 20-day EMA and the 50-day EMA at $155, last week’s resistance at $160, and the weekly target at $180.
The stubborn sell signal from the Moving Average Convergence Divergence (MACD) suggests waiting for another confirmation before buying SOL. If the 200-day EMA support fails to hold, Solana price could drop to the $130 and $110 levels, respectively, in search of more liquidity.
