Solana (SOL) remains above the $210 breakout level, suggesting that bulls are attempting to turn this level into support.
SOL/USDT Daily Chart | Source: TradingView
Investors will need to push the price above $225 to start the next leg up. The SOL/USDT pair could rise to $260, which is expected to be a strong resistance level. If the bulls break through this level, the price could rise to $304.
Conversely, if the price reverses and breaks below the 20-day EMA ($192), it will indicate that the market has rejected the breakout. The pair could drop to the 50-day SMA ($167).
