#Write2earn EXPLORING $SOL ’S RECENT PRICE ACTION AND PREDICTIONS FOR FUTURE TRENDS #solana #solanAnalysis #sol

Solana (SOL) recently faced a bearish rejection at resistance but surprised with a 9% surge in the past day. Its fate remains uncertain as it navigates potential resistance or further correction.

After a recent rejection around $157 to $160, SOL rebounded, hinting at continued upward momentum. Presently, it faces resistance in that range, with potential to break towards $175.

Indicators show a bullish sentiment, with EMAs displaying a golden crossover and MACD lines signaling bullishness.

However, RSI remains neutral.

On the 4-hour chart, a bullish outlook persists, despite the Death Cross indicating a short-term bearish trend. Failure to breach resistance may lead SOL towards support levels between $125 and $133, or even $85.

Weekly charts show bearish MACD lines, while the monthly chart hints at a correction phase shift. Against BTC, SOL shows bullish momentum, with signs of a corrective phase end.

While the MACD histogram shows bullish signs, caution is warranted as MACD lines and RSI remain neutral, necessitating careful observation in the days ahead.