Solana$SOL Price Analysis
Solana ($SOL ) broke and closed above the 50-day simple moving average (SMA) at $155 on August 24, indicating a reduction in selling pressure.
The 20-day exponential moving average (EMA) at $150 has started to rise, and the relative strength index (RSI) is in positive territory, suggesting that the path of least resistance is upward. If buyers push the price above $164, the SOL/USDT pair could gain momentum and move towards the overhead resistance at $186.
On the other hand, if the price declines and falls below the 20-day EMA, it would indicate increased bearish activity at higher levels, potentially leading to a drop to the $136 support level.
