đSolana Price Analysis: Will SOL Surge to $189? đ¨
Solana (SOL) closed above the key $164 resistance on Oct. 20, completing a bullish ascending triangle pattern đ. But bears đť are not giving up easily, trying to drag the price back below this critical level.
đ Key Levels to Watch:
⢠If the bulls đ successfully defend $164, it significantly increases the chances of a rally to $189! đ
⢠On the downside, if the price dips and holds below $164, it signals a failed breakout. In that case, SOL could drop to the 20-day EMA ($153). đ
â ď¸ Bullish Scenario:
⢠A strong rebound from the 20-day EMA could give the bulls another shot at pushing SOL above $172, which would reignite the bullish momentum.
đĄ Price Prediction: If SOL holds $164, expect a rally toward $189! đŻ Keep an eye on the 20-day EMA as a critical support level for a potential bounce.
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