Solana Price Analysis

Solana $#solananews #Solana/USDT $SOL

is witnessing a tough battle between the bulls and the bears near the moving averages. The bulls will try to drive the price above $107. If successful, the SOL/USDT pair will complete an inverted head and shoulders pattern. That could start an up-move towards $126, which is a strong hurdle, but if the bulls prevail, the next stop could be the pattern target at $134.

If the bears want to avoid the up-move, they will have to quickly drive the price below the moving averages. The pair could drop to $80, which is likely to act as a strong support.