##solana Solana price analysis

Solana SOL$189.72 rebounded off the uptrend line, signaling that the bulls are trying to start a relief rally.



SOL/USDT daily chart. Source: Cointelegraph/TradingView

The downsloping 20-day EMA ($207) and the RSI in the negative territory indicate advantage to sellers. If the price turns down sharply from the 20-day EMA, it increases the likelihood of a break below the uptrend line. The SOL/USDT pair could then descend to $155.

This negative view will be invalidated in the near term if the price continues higher and breaks above the moving averages. That will clear the path for a possible rally to $247 and eventually to $260.