$SOL Solana Rebounds: investor Alert , Crypto Alert

Solana (SOL) surged from $122 on June 24 to $137 on June 25, re-entering its descending channel pattern. Bears aim to stop this recovery at the 20-day EMA ($143). If the price drops sharply from this level, the SOL/USDT pair could fall to the crucial support level of $116. Bulls are expected to defend this level strongly, as breaking below it might result in a decline to $100. On the upside, if bulls manage to push the price above the 20-day EMA, it would indicate diminishing selling pressure, potentially leading the pair to the channel’s resistance line. Breaking above the channel would favor the bulls.