$SOL
Solana has been holding near its 20-day EMA around $125 for several days, showing that buyers are still active and defending this level. However, sellers are strongly defending a push above $130, keeping SOL price trapped below the declining trend line on the 1-hour chart. As of writing, Solana trades at $124, declining over 1% in the last 24 hours.
If the price manages to close above the 20-day EMA, the SOL/USDT pair could move higher toward the descending resistance line. A break above $130 might force sellers to exit. However, there may be some selling pressure around the 50-day SMA at $133, but a breakout above it appears likely.
On the other hand, if the price falls away from these moving averages, it would suggest sellers are still in control, increasing the risk of a decline toward the support zone below $110 and possibly down to the key psychological level of $100.
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