has reached the overhead level of $162, where the bulls are likely to encounter strong resistance from the bears. #SOL/USDT daily chart.
If the price turns down sharply from $162, it will suggest that the bears are fiercely defending the level. That could keep the SOL/USDT pair stuck between $162 and $126 for a few more days.
Alternatively, if the price breaks above $162, it will suggest that the correction may be over. The bullish momentum could pick up, and the pair may attempt a rally to $205. On the downside, a break below $126 could start a new downtrend to $100.
recovery stalled at the 20-day EMA ($0.51) on April 22, indicating that the bears continue to sell at higher levels. #ADA/USDT daily chart.
The bears will try to pull the price to $0.46. This is an important level to watch out for because if the support gives way, the ADA/USDT pair could descend to $0.40. The bulls are likely to defend this level with vigor because a break below it will signal the start of a deeper correction toward $0.35.
The first sign of strength will be a break and close above the 20-day EMA. If this resistance is crossed, it will suggest a short-term trend change. The pair may then rise to $0.57.