Price analysis of $SOL
215.43 €
rose from 215 dollars on December 3, indicating that the bulls are fiercely defending the breakout level of 210 dollars.
The 20-day EMA (230 dollars) has flattened, and the RSI is just above the midpoint, indicating a possible short-term range formation. The SOL/USDT pair could oscillate between 210 and 248 dollars for a few days.
A breakout and close above 248 dollars could open the doors for a rally up to 264 dollars. Bears are expected to fiercely defend the 264 dollar level, as a rally above this could push the pair up to 300 dollars.
On the downside, a slip below the 50-day SMA (202 dollars) will indicate that the bears have taken control.
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