$SOL REBOUND ATTEMPT FROM SUPPORT AT $178.65 📈
Solana has achieved a modest rebound from the low of $178.65. The price shows a slight gain of +0.54% in 24h, attempting to regain the lost momentum after falling from the high of $211.25.
Currently, the price struggles to surpass and consolidate above the moving averages (MA 7 and MA 25). The immediate resistance is the area of $189.06. If the rebound is strong, the price will attempt to retest the area of $193.77 (MA 99). The MACD is in negative territory, so the rebound remains vulnerable.
SOL is trying to breathe! It has rebounded from support. It needs to consolidate above $189.06 to nullify the bearish pressure. Aim for the moving averages' resistances!
Relief bounce or trend change? Key at $189.06. 🟢
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