$SOL is currently trading at $72.08 and sitting just below the 20-day EMA at $72.33.
📊 Key Signals: ✅ Price remains above MA(7) at $70.51 ⚠️ EMA20 acting as resistance ⚠️ RSI at 46.25 and declining ⚠️ Volume continues to weaken
The next move will likely be decided after the FOMC announcement.
🎯 Bullish Case: • Break and close above $72.33 • Targets: $75.53 → $79.00 → $83.04
🎯 Bearish Case: • Rejection at EMA20 • Targets: $66.50 → $65.00 support zone
The market is waiting for confirmation. A breakout above EMA20 could open the door for a stronger recovery, while rejection may trigger another wave of selling.