SOL/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this CHART ANALYSIS: Solana (SOL) The weekend was recorded slightly higher, although price uncertainty was also higher.
SOL/USD topped out at $20.71 to start the weekend a day after sitting at a low of $20.33.
Saturday's activity shows Solana hovering near the long-term bottom at $20.15, and it follows a crossover of the moving averages (MAs).
The 10-day (red) MA moved below its 25-day (blue) counterpart at the start of the week, though it was unable to extend its distance from the trendline.
The 14-day RSI is staying close to its own support point at 46.00.
Unless there is a breakout or a move above the resistance, the SOL trend is likely to remain sideways.
This is not a piece of financial advice.
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