After an excellent rally that broke above $200, bears returned.
Secret Support levels: $164, $120
Secret Resistance levels: $206, $260
1. Bears Return
With Bitcoin and Ethereum falling lower, Solana might not hang on its own and sellers pressed it into a much deeper pullback that reached the assistance at $164. As long as this crucial level holds, Solana’s uptrend stays undamaged.
Chart by Tradingview 2. Will the Key Support Hold?
The assistance at $164 has a great chance to bring purchasers back and put an end to this correction. If bulls stop working to hold at that level, then take a look at $120 as the next line of defense.
Chart by Tradingview 3. Daily RSI Shows Weakness
This correction has actually pressed the everyday MACD pie chart into lower highs. This is the very first indication of weak point for Solana. This is not worrying today, however if the moving averages make a bearish cross, then SOL’s rate will likely not make brand-new highs in the near term.
Chart by Tradingview Bias
The predisposition for SOL is bearish.
Short-Term Prediction for SOL Price
See carefully the crucial assistance at $164, as that will figure out where Solana will go next in the coming days.
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Cryptocurrency charts by TradingView.
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