$SOL

🚨Key Levels to Watch for Solana at Lower Time Frames🚨

Moving to the hourly time frame, the $128 level seems to be the most relevant support to watch in the next few sessions as the price made a double bottom at this level.

In this time frame, we can see that a ‘golden cross’ has occurred between the 9-period and 21-period EMAs.

In addition, the Relative Strength Index (RSI) is in an upward trajectory, meaning that the uptrend has gained strength and seems to have every intention to hit the $140 support – now turned into resistance.

In addition, the fact that the 200-period EMA currently sits near $140 confirms the relevance of this level from a technical standpoint.

Now that the most relevant levels have been mapped out, traders could either expect a retest of $140 to position themselves for an upcoming drop or wait for a bearish breakout below $128 with the expectation that the price will retest $125 first and then, maybe, drop to $110 if that level is broken as well

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