SOL/USDT 1DAY UPDATE BY CRYPTOSANDERS

9 May 2023

Hello, 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) remained in the red as the coin extended its recent decline to a third session.
After hitting a high of 22.74 on Sunday, SOL/USDT fell to a low of 21.01 earlier in the day.
Monday's price drop has sent SOL to its long-term support point of 21.00, resulting in its lowest level since April 26.
The coin has rebounded from the previous lows as the RSI has found its own floor at the 44.00 mark.
As of writing, price strength is tracking at 44.57, with a range of 49.00 a potential target for the bulls.
If momentum picks up, and more bulls re-enter the market, this could lead SOL to climb above 22.00.

This is not a piece of financial advice.
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