Solana (SOL) has broken above the 50-day moving average (SMA) at $219, indicating that the bulls are attempting to extend the recovery.
The 20-day EMA is rising ($205) and the RSI is in the positive zone, suggesting that the bulls are in control. If the price stays above the 50-day SMA, the SOL/USDT pair could rise to $235 and then $247.
Conversely, if the price drops and breaks below the 20-day EMA, this will signal that the bears are still selling during the minor recoveries. This pair could drop to the support level, where buyers are expected to intervene. #BinanceMegaDropSolve