receded from the resistance of USD 153, but the bulls are trying to hold the price above the 20-day EMA (USD 140).
Let’s assume the price strongly rebounds from the 20-day EMA; this increases the likelihood of surpassing the resistance of USD 153.
If this happens, the SOL/USDT pair could gain momentum and reach USD 180.
On the other hand, if it breaks and closes below the 20-day EMA, short-term bulls could close their positions.
The pair could then slide down to the 50-day SMA (USD 131), indicating a consolidation between USD 110 and USD 153.