Solana SOL Price Analysis April 7, 2023

SOLUSDT

The inability of buyers to maintain Solana's SOL above the 20-day EMA ($20.81) implies a lack of demand at higher levels. The SOL/USDT pair is likely to trade within the downtrend line and $18.70 for some time since the 20-day EMA is flat and the RSI is just below the midpoint. If the price falls below $18.70, it will indicate bearish dominance, and the pair may plummet to the important support at $15.28. Alternatively, a bounce back from the current level and a breakout above the downtrend line would imply the bulls' return, and the pair could surge to $27.12.

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