#BecomeCreator : Solana Price Analysis

Bullish players are trying to push Solana SOL240.66 $ above the short-term resistance of 248 dollars, but bearish players are unwilling to give in.

Daily candlestick chart of the SOL/USDT pair. Source: Cointelegraph/TradingView

The relatively flat 20-day EMA (231 dollars) and the relative strength index (RSI) in positive territory indicate a balance between supply and demand. If buyers manage to push the price above 248 dollars, the SOL/USDT pair could spike to 264 dollars and eventually to 300 dollars.

Alternatively, if the price falls below the 20-day EMA, it will suggest that the pair may trade between 210 dollars and 248 dollars for a while. The trend will favor bears if they manage to drag the pair below the 50-day simple moving average (205 dollars).$SOL