#SolanaSurge

📉 Price Overview

• Current Price: Approximately $133.92

• All-Time High: $295.80

• Decline from Peak: Approximately 54%

• Lowest Price in Recent Period: $95.26

• Key Support Level: $120 and **$95**

• Nearby Resistance Level: $150 

📊 Technical Analysis

🔹 Overall Trend

After the price dropped from $295.80 to $95.26, a “Long Legged Doji” pattern formed at the bottom, indicating indecision in the trend and the possibility of a reversal. Currently, the price shows signs of stabilizing above the support level of $120, which could pave the way for a potential rise if the resistance at $150 is breached. 

🔹 Moving Averages

• 50-Day Moving Average (50 EMA): Currently around $135, acting as an important support level.

• 200-Day Moving Average (200 EMA): Located around $150, forming a strong resistance that should be monitored.

🔹 Momentum Indicators

• Relative Strength Index (RSI): Indicates moderate upward momentum, suggesting the potential for the upward trend to continue.

• Chaikin Money Flow (CMF): Rose above zero, indicating renewed buying pressure.