Solana (SOL) price analysis
The bulls have successfully held Solana above the breakout level of $162 but have been unable to start a strong recovery.
Failure to move higher will encourage the bears to tug the price below $162. If they manage to do that, the SOL/USDT pair could tumble toward $140 and subsequently to critical support near $116.
Alternatively, if the price moves up from the current level, the SOL/USDT pair could reach $189. The bears will try to stall the relief rally at $189, but the level is likely to be crossed. The pair may then reach the formidable barrier at $205.
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