hello, welcome to this SOL/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Solana (SOL) returned to the green during today’s session, snapping a two-day losing streak in the process.
After falling to a bottom of 22.52 on Thursday, SOL/USD climbed to a high of 23.13 earlier in today’s session.
Despite today’s rebound in price, Solana is still trading almost 7% lower than at the same point last week.
The rally began after the RSI bounced from a support level at the 45.00 mark, rising to a current reading of 49.04.
Bulls are likely targeting a move back above the 25.00 level, however, they will first need to move beyond an upcoming wall of 50.00 on the indicator.
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