Solana price analysis
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Solana SOL 🔻$19 has been trading between the 20-day EMA ($17.61) and the downtrend line for the past three days. This suggests that the bears are selling near the downtrend line and the bulls are buying the dips
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The 20-day EMA has started to slope up and the RSI has risen into positive territory, indicating that bulls are in the driver’s seat. That increases the possibility of a break above the downtrend line. If that happens, the SOL/USDT pair could rally to $22 and thereafter to $24.
If the price turns down sharply from the current level and breaks below the 20-day EMA, it will suggest that the sentiment remains negative and traders are selling on rallies. That could sink the pair to the $16.18 to $15.28 support zone.
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