Solana Price Analysis: Will SOL Retest $125? Solana (SOL) r

Bullish

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Solana Price Analysis: Will SOL Retest $125? Solana (SOL) remains under bearish pressure, failing to break out of its resistance zone and experiencing weak price action. Since mid-April, SOL has been trading between $126.75 and $180.75, showing strong liquidation points. Key Points: - SOL failed to break its resistance at $180.75, resulting in a 1.72% drop in the past day and 12.87% over the past week. - SMA acts as resistance, indicating increased bearish sentiment. - RSI shows a bullish curve above the oversold range, but averages suggest mixed sentiment. Outlook: - If bulls gain control, SOL could test its resistance at $155.25 and potentially reach $200. - If bears maintain control, SOL may test its support level at $126.75. $SOL #BTCFOMCWatch #CPIAlert #TopCoinsJune2024 #ETHETFsApproved #FIT21

Solana Price Analysis: Will SOL Retest $125?
Solana (SOL) remains under bearish pressure, failing to break out of its resistance zone and experiencing weak price action. Since mid-April, SOL has been trading between $126.75 and $180.75, showing strong liquidation points.
Key Points:
- SOL failed to break its resistance at $180.75, resulting in a 1.72% drop in the past day and 12.87% over the past week.
- SMA acts as resistance, indicating increased bearish sentiment.
- RSI shows a bullish curve above the oversold range, but averages suggest mixed sentiment.
Outlook:
- If bulls gain control, SOL could test its resistance at $155.25 and potentially reach $200.
- If bears maintain control, SOL may test its support level at $126.75.
$SOL #BTCFOMCWatch #CPIAlert #TopCoinsJune2024 #ETHETFsApproved #FIT21 