$olana is chilling for now but bearish sentiment remains

16 thg 6, 2023

SOLUSDT

The crucial support level at $15.28 has become a battleground for the bulls and bears in the case of Solana. The bulls are facing challenges in maintaining the price above $15.28, but they can find some consolation in preventing the SOL/USDT pair from staying below $15. The oversold levels on the RSI indicate the possibility of a relief rally, but the bulls need to overcome the obstacle at $16.20.

If successful, the pair may initiate an upward movement towards the 20-day EMA ($18.16). However, a downturn from the current level would indicate the continued control of the bears. If the price drops below $15, the pair could retest the intraday low of $12.80 recorded on June 10.