$SOL Gains Positive Momentum $SOL

The price of Solana (SOL/USD) has declined during its recent intraday trading, attempting to gain positive momentum that may help it recover and rise again, amid a short-term corrective upward wave, supported by its continuous trading above the simple moving average of the previous 50 days. Additionally, we notice that the relative strength indicators have reached areas of extreme overselling, exaggerated compared to the price movement, which adds more weight to the positive scenario.

Therefore, our expectations indicate an increase in the price of the currency during its upcoming trades, provided that the support level of $125.80 remains stable, aiming again for the key resistance level of $157.00 in preparation for attacking it.

Expected trend for upcoming trades: Bullish