Solana (SOL) Price Analysis

Solana (SOL) is struggling to stay above $130, with the 20-day SMA acting as a dynamic level of resistance and preventing a move towards $140. As a result, SOL has faced incredible volatility this week, as buyers defended the support level while sellers attempted to drive it below $130. SOL faced significant selling pressure on Friday as sellers drove the price to a day low of $131. However, it rebounded quickly as demand picked up at lower levels, eventually pushing above the 20-day SMA and settling at $139.