SOL coin price shows active buying at $80 level, pausing the high-momentum downtrend and indicating a possible trendline breakout. Key technical points: The 100 and 200-day EMA shows a bearish crossover The RSI slope shows a significant bullish divergence within SOL price action The 24-hour trading volume in the Solana token is $2.03 Billion, indicating a 26% rise. Past Performance of SOL The sellers at $250 have driven the downtrend below the psychological cushion of $100 and take support at $80. The previous shoot-up from $80 surpassed the $100, but the death cross resulted in a bullish failure, driving the price back. However, the recent support marks the breakout possibility of the downtrend-produced trendline. Source-Tradingview SOL Technical Analysis The lower price rejection at $80, with the recent reversal, marks the failure of the head and shoulder. Hence, further continuation towards the resistance trendline reflects a bullish sneak attack in action. The SOL coin price chart shows the crucial EMAs- 50, 100, and 200 striving to achieve bearish alignment, which will soon be complete with the bearish crossover. Moreover, the constant rejection from the 50-day EMA can be the upcoming trendsetter. The DMI indicator shows the DI lines maintain the bearish growth after the recent fake bullish crossover. Moreover, the ADX line projects a slow uptrend with the lingering -DI line. Hence, the indicator showcases a high momentum...
