$SOL price analysis 17 September - Cointelegraph Analytics

SOL briefly rose above the 20-day EMA at $135 on Sept. 13, but bulls couldn't sustain it, and the price slipped below the EMA on Sept. 15. Bears are now targeting the critical $116 support, where buyers may step in to halt the decline.

This bearish outlook could change if the SOL/USDT pair turns up and breaks above the 50-day simple moving average at $143. Such a move might trigger a recovery toward the $164 resistance.

However, the $164 level could be a tough barrier for bulls to overcome in the short term, keeping the price under pressure.