📊Solana price analysis
Solana (SOL) broke above the $210 resistance on Nov. 10, signaling the start of a new up move.
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SOL/USDT daily chart. Source: TradingView
If buyers maintain the price above $210, the SOL/USDT pair is likely to start its journey toward $260. The bears are likely to fiercely defend the $260 level.
Contrarily, if the price turns down from the current level and breaks below $210, it will suggest that the markets have rejected the breakout. The pair may drop to $189 and thereafter to the 20-day EMA ($182). If the price rebounds off the 20-day EMA, the bulls will again try to push the pair above $210 and resume the uptrend.
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