๐ $SOL price analysis - Cointelegraph
๐ป Resistance and Support
Bears kept Solana below the 20-day EMA ($147) recently but couldn't push it below $136, indicating weakening selling pressure.
๐ Bullish Scenario
If bulls push above the 20-day EMA, SOL/USDT could climb to the 50-day SMA ($154) and potentially $164. A successful breakout could lead to $189, though bears will resist fiercely.
๐ป Downside Risks
If support at $136 breaks, bearish pressure may drive SOL/USDT to $130 and eventually $116.
