SOLUSDT Declines, Watch Resistance at 137 and Support at 127

6 days agoThe SOLUSDT chart shows a prevailing downtrend as the price trades below the EMA 34 and EMA 89, currently at 131.90 and 134.84, respectively.

The key resistance is around 137 USDT, and failure to break this level could result in the price retesting the support at 127 USDT.

The price is expected to see a slight recovery before continuing to decline, as the cryptocurrency market is heavily influenced by the upcoming Fed interest rate decisions, which will shape the short-term outlook for SOLUSDT.

6 days ago

Trade active

SOLUSDT is trading at $132.41, down 2.35% in the past 24 hours. The price has been moving between $122 support and $136 resistance, with multiple failed attempts to break through resistance. A breakout above $136 could lead to further gains, but if resistance holds, consolidation may continue.