SOL price analysis..... 🚀🚀
Solana
$145
has been finding support at $126 for the past few days, indicating solid buying by the bulls. #SOL/USDT daily chart.
Source: TradingView
The recovery is likely to reach the 20-day EMA ($158), a critical level to keep an eye on. If the price turns down sharply from the 20-day EMA, the bears will again try to sink the #solusdt pair below $126. If they succeed, the pair could extend the downtrend to the psychological level of $100.
On the contrary, if the price continues higher and rises above the 20-day EMA, it will suggest that the bears are losing their grip. The $162 level may act as a resistance, but it is likely to be crossed. The pair may then climb to $185.
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