Solana Price Analysis

Solana was able to sustain the retest of the $164 breakout level on November 1, indicating that bulls have the upper hand.

SOL/USDT daily chart.

Buyers will try to push the price above the short-term resistance at $183. If they succeed, the SOL/USDT pair could rally to $189. Sellers will try to stop the move higher at $189, but if the bulls prevail , the pair could reach US$210.

On the other hand, if the price declines and breaks below $164, it will suggest that the bulls are rushing for the exit. The pair may fall to the 50-day simple moving average ($152) and subsequently to the uptrend line. $SOL $USDC