Solana SOL Price Analysis April 7, 2023
SOLUSDTThe inability of buyers to maintain Solana's SOL above the 20-day EMA ($20.81) implies a lack of demand at higher levels. The SOL/USDT pair is likely to trade within the downtrend line and $18.70 for some time since the 20-day EMA is flat and the RSI is just below the midpoint. If the price falls below $18.70, it will indicate bearish dominance, and the pair may plummet to the important support at $15.28. Alternatively, a bounce back from the current level and a breakout above the downtrend line would imply the bulls' return, and the pair could surge to $27.12.
Let me know what you think!
Follow me for more TA!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.