SOL technical analysis

Solana (SOL) is seeing an uphill battle between bulls and bears near a breakout level of $162.

If the bears prevail and push the price below $162, the SOL/USDT pair can drop to the 50-day SMA ($153). This level could act as minor support but is likely to be broken. The pair could then slide to $140.

If the bulls want to stop the decline, they will have to quickly push the price above $174. If they do so, the pair could rally to $189 and then $205. The bulls may have difficulty overcoming the $205 resistance.

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