SOLana to $18.70

SOLUSDT

Solana experienced a downturn and breached the significant support level at $19.85 on May 21, indicating the continued dominance of bears. The SOL/USDT pair may decline to $18.70, which is an important level to monitor.

A breakdown below this level could lead to a descent towards the critical support at $15.28, likely attracting substantial buying interest from the bulls. On the upside, a rally above the moving averages would suggest a decrease in selling pressure, potentially paving the way for a rally towards $24 and subsequently $27.12. However, sellers will likely attempt to impede the recovery at this level.