$SOL price analysis

SOLUSD has been gradually moving toward the immediate resistance at $185, signaling demand from the bulls.

The bears tried to pull the price below the breakout level of $162 on May 19, but the bulls held their ground. The $185 level may act as a minor hurdle, but if bulls overcome this obstacle, the SOL (USD) pair could surge to $205.

Contrary to this assumption, if the price turns down from the current level or $185 and breaks below the moving averages, it will suggest that the bears are active at higher levels. The pair may then drop toward $140.

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