#SolanaSurge

📉 Price Overview

• Current Price: Approximately $133.92

• All-Time High: $295.80

• Decline from Peak: Approximately 54%

• Lowest Price Recently: $95.26

• Key Support Level: $120 and **$95**

• Nearby Resistance Level: $150 

📊 Technical Analysis

🔹 General Trend

After the price declined from $295.80 to $95.26, a 'Long Legged Doji' pattern formed at the bottom, indicating indecision in the trend and a potential 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, serving as an important support level.

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

🔹 Momentum Indicators

• Relative Strength Index (RSI): Indicates moderate bullish momentum, suggesting the possibility of the upward trend continuing.

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