SOL SOLANA COIN NEWS TODAY – SOL Coin Price Prediction 2021 – Sol Coin NEWS Today
Although bears successfully defended the 20-day EMA ($142) in the past few days, they could not pull Solana (SOL) below the support zone between the 50-day SMA ($122) and $116. This suggests that selling dried up at lower levels.The bulls have pushed the price above the 20-day EMA on Oct. 1, indicating that the corrective phase may be over. The SOL/USDT pair could now rise to the 50% Fibonacci retracement level at $166 and above it to the 61.8% retracement level at $177.80.
If the price turns down from either resistance but bounces off the 20-day EMA, it will suggest that the sentiment has turned positive and traders are viewing the dips as a buying opportunity. The bears will have to pull the price below $116 to gain the upper hand.
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