$SOL
SOL price analysis
SOL's recent price fluctuations can be said to be thrilling and exciting! On January 27, it fell below the 20-day moving average ($230), but found support at $222, indicating that the bulls have not completely given up resistance. However, the next trend still depends on the battle for key points. Let's get straight to the point and help brothers see this wave of market clearly!
The short-term key support is at $222, and below it is the 50-day moving average ($212). Once it is lost, the bulls' position may collapse to $200 or even $180.
If the price stands above the 20-day moving average ($230), it will open up room for growth, with the target looking at $244, and in a more optimistic case, it may hit $260.
At present, both the moving average and RSI are close to the midpoint, indicating that bulls and bears are playing a game, and market sentiment is not completely biased to one side.
At present, we need to pay attention to whether there is a large volume support during the rebound process, otherwise the rebound strength may be limited.
As long as the bulls can hold $222 and close above the 20-day moving average, SOL may gradually strengthen and test higher resistance levels.
If $212 is lost, the space below will be opened, and SOL may experience a deeper adjustment.
