3 min readSOLANA (SOL/USD)
On the daily timeframe, Solana continues to trade sideways, remaining stuck within this range. On several occasions, the price has attempted to push higher and break key resistance levels around $190.00, but it has consistently failed to make any meaningful progress in breaking through and trading higher.
If you look at the price action below, it’s clear that support is holding within the $120.00 – $130.00 range, showing a solid respect for this level. It will be interesting to see if we can maintain this support and eventually push higher to test the resistance in the $187.00 – $190.00 zone. The daily 50 EMA appears to be the first hurdle before reaching those higher levels, so I’ll be closely monitoring how the price reacts at that point. As for the RSI indicator, it appears fairly balanced, showing no strong signs of being “overbought” or “oversold.”
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