Analysis of Solana's price
Bulls attempted to push Solana
SOL
tickers down
202.27 €
above the 20-day exponential moving average (198 dollars) on December 31, but bears held their ground.
Sellers will try to strengthen their position by pushing the price below the uptrend line. If they succeed, it will signal the resumption of the downward movement. The SOL/USDT pair could drop to 155 dollars.
On the contrary, if the price rises and breaks above the 20-day exponential moving average, it will suggest that bears are losing control. There is resistance at 202 dollars, but it is likely to be surpassed. The pair could then rise to the 50-day simple moving average (219 dollars).
