Solana Price Analysis

Sellers have successfully defended the 50-day SMA ($130) of Solana (SOL) and are now attempting to push the price below the $120 support.

The flat 20-day EMA ($124) and RSI near the midpoint suggest a balance between supply and demand. Buyers are expected to defend the $120 to $110 support zone. If the price rebounds from this support zone, the bulls will again attempt to drive the SOL/USDT pair above the 50-day SMA. If successful, the pair could reach $153.

Alternatively, if the price continues to fall and breaks below $110, it indicates that bears remain in control. The pair could then fall to the $95 support.