The price actions show a fierce battle between bulls and bears at the supply level, after a long bullish rally on the daily chart. the price action highlights that the price is trying hard to sustain at the upper levels.
At the time of publishing, the price is showing a surge of 0.90% with the price trading at $181.20, the price is trading above the 20-day and 50-day EMA band. Moreover, the MACD histogram has started converging and the RSI is at 53.15 approaching 14-SMA to cut from below.
Therefore, if the price manages to maintain support at the $170 price level, the price could advance higher from the supply level and could blast upward to achieve targets like $200, and $210.
However, if the SOLANA price decreases below from $170 price level, it could deteriorate below and towards lower levels.
At the time of publishing, the price is showing a surge of 0.90% with the price trading at $181.20, the price is trading above the 20-day and 50-day EMA band. Moreover, the MACD histogram has started converging and the RSI is at 53.15 approaching 14-SMA to cut from below.
Therefore, if the price manages to maintain support at the $170 price level, the price could advance higher from the supply level and could blast upward to achieve targets like $200, and $210.
However, if the SOLANA price decreases below from $170 price level, it could deteriorate below and towards lower levels.