Solana price prediction

[bonk]

Solana SOL $79.22 rose above the 20-day EMA ($86) on Wednesday, but the bears halted the recovery at the $95 level.

SOL/USDT daily chart. Source: Cointelegraph/TradingView
Sellers have pulled the price below the 20-day EMA, opening the gates for a drop to the $75 level. If the price rebounds off the $75 level with strength, it suggests that the bulls are trying to form a higher low. The SOL/USDT pair may then consolidate between $75 and $95 for a few days.

Contrary to this assumption, a close below the $75 level suggests that the bears remain in control. The Solana price may then plummet to the Feb. 6 low of $67.

[chainsniff]

technical analysts: if bounce good if no bounce bad groundbreaking stuff