SOL price trades below 50 and 200 EMA on the daily timeframe despite showing some relief strength. SOL rally caught short as BTC price continued to range. The price must hold $30 support or face a drop-down to a weekly low. The price of Solana (SOL) has recently shown some bullish strength, but it has struggled to break above key daily resistance against tether (USDT). Solana (SOL) prices have continued to fluctuate as bulls and bears play chess with SOL. SOL’s lack of bullish strength has left many traders and investors perplexed as to where it might go next. (Data from Binance) Related Reading: QUANT Basks In Green As QNT Coin Surges 35% On 7-Day Rally Solana (SOL) Price Analysis On The Weekly Chart After bouncing from its weekly low of $30 as a price rally to a high of $45 before facing a stip rejection, the price of SOL has recently declined, and the price has continued to struggle to rejuvenate its bullish trend. The price of SOL remains marginally above a key support level of $30; this level of support is acting as a good demand zone for buy orders. For SOL to have a chance to trend higher, the price must break through its weekly resistance of $35. To restore a relief bounce, the price of SOL must break and hold above the $35 resistance with good volume. This area of resistance has kept the price of SOL from rising. If the price of SOL continues to reject $35, we could see a retest of $30 support and possibly a low...
