SOLana is coming down

SOLUSDT

Solana rebounded from the robust support at $18.70 on June 5 and 6, as indicated by the long tail on the candlesticks. However, the bulls struggled to overcome the obstacle at the 20-day EMA ($20.50). This suggests that the bears remain active at higher levels.

If the price continues to decline and breaks below the $18.70 support, the SOL/USDT pair may initiate a downward move towards the next support at $15.28. Alternatively, if the price bounces off the current level or $15.28, it will demonstrate demand at lower levels. The bulls will then attempt to drive the price above $22.30, potentially leading to a climb towards $24 and a subsequent rally to $27.12.