Solana ($SOL) has recently rebounded from its strong support zone of $156–$160. The crossover of EMA 20 and EMA 50 on the four-hour chart and the gradual increase in volume indicate the possibility of a bullish move. The RSI is not overbought yet, so there is upside scope.
Entries can be taken in the $156–$160 range. Possible targets can be $170, $182 and $195. However, it is better to exit the trade if it closes below $150 — this is your safety net.
SOL is also strong from a fundamental point of view — the expansion of the DeFi and NFT sectors in the ecosystem, fast transactions, and scalability make it a strong project.
If there is some stability in the market, $SOL could be the most exciting trade today!
