Solana (SOL) is making waves once again, drawing the spotlight after a calculated decline saw prices drop 13.44% last week. The bulls, however, aren’t waving the white flag—SOL found its footing right above the critical 200-day Exponential Moving Average (EMA) at $162.75, a level that perfectly matches the 61.8% Fibonacci retracement ($163.40) and forms a rock-solid support zone.
This week’s early trading tells a different story: SOL bounced strongly, posting a 4.68% rebound on Monday and now hovering near $168.67 as Tuesday unfolds. All eyes are on whether the 200-day EMA can continue to repel sellers; if so, a run back to the daily resistance at $184.13 is firmly on the table.
With technicals lining up and key levels in the crosshairs, Solana’s next move could be pivotal. Is this a turning point for renewed bullish momentum? The Solana community is watching—and ready to ride the next wave!
