Solana price prediction
SOL/USDT daily chart. Source: Cointelegraph/TradingView
The recovery is facing selling at the 20-day EMA ($147), but a positive sign is that the bulls have not allowed the price to slide below $140. A shallow pullback increases the possibility of a break above the 20-day EMA. If that happens, the SOL/USDT pair could climb to the 50-day SMA ($160).
Sellers will have to pull and sustain the price below the $140 support to prevent the upside. The pair could then drop to $123 and eventually to $110.
