Solana SOL Downtrend broken! Could go Back to $39?

SOLUSDT

The bulls have built upon the breakout from the downtrend line in Solana, indicating demand at higher levels. The rising 20-day EMA ($21.74) and the RSI near the overbought zone favor buyers. The SOL/USDT pair may rise to $27.12, where the bears may mount a strong defense.

If bulls overcome this barrier, the pair may resume its climb toward $39. On the downside, the downtrend line is the key level to watch out for. The bears will have to sink and sustain the price below the downtrend line to trap the aggressive bulls. The pair may then collapse to $15.28.

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