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Solana Price Analysis
Solana ($SOL) successfully defended the breakout level of $164 on November 1, indicating that the bulls are in control.
Next, buyers will attempt to push the price above the recent resistance level of $183. If successful, the SOL/USDT pair could rise to $189.
Sellers will try to stop the uptrend at $189, but if the bulls maintain their advantage, this pair could reach $210.
Conversely, if the price turns down and falls below $164, it would mean that the bulls are hastily retreating.
At that point, this pair could drop to the 50-day simple moving average (at $152), and then possibly continue to decline along the upward trend line.
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