Analysis of the price of Solana
207.01 €
retreated from the upper resistance of 248 dollars and fell below the 20-day EMA (232 dollars).
The flattened 20-day EMA and the relative strength index (RSI) near the midpoint suggest a possible short-term range formation. The SOL/USDT pair could drop to 210 dollars, where buyers are expected to intervene. If the price rebounds from 210 dollars, the pair could rise to 248 dollars and stay between these two levels for some time.
Buyers will need to push the price above the resistance zone of 248 to 264 dollars to take control. On the downside, a break and close below 210 dollars could suggest that the bears have returned to the game.
