#ReboundRally
SOL (SOLUSDT) between the hammer and the anvil - Analysis - 12-25-2024
The price of the SOL/USD (SOLUSDT) currency rose during its recent trading at the moment levels, amid the dominance of the main upward trend and its trading along a minor trend line in the short term, with the emergence of positive signals from the relative strength indicators, but in light of that, the price suffers from continued negative pressure due to its trading below its simple moving average for the previous 50-day period, and a downward corrective wave dominates it.
Therefore, our expectations suggest that the currency price will return to decline during its upcoming trading, as long as the resistance level of $210.18 remains stable, to target the support level of $175.26 again.
The expected direction for the upcoming trading: likely to decline
