SOLana headed past $22?
SOLUSDT Resistance at $22.30 is being encountered by Solana, but a positive sign is that the bulls have not given up significant ground. This indicates that buyers anticipate the continuation of the rally.
The upward-sloping 20-day EMA ($19.73) and the overbought RSI signal the dominance of the bulls. A breakthrough and close above $22.50 could initiate the next upward movement, with the SOL/USDT pair potentially attempting a rally to $27.12. While there is a minor resistance at $24, it is likely to be overcome.
On the downside, the first support lies at the 20-day EMA, followed by the 50-day SMA ($18.55). Buyers are expected to vigorously defend this zone.
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