Solana Maintains Momentum as Selling Pressure Increases
Solana (SOL) recently hit critical resistance at $185, followed by a noteworthy pullback. As selling pressure intensifies, the price is gravitating towards the 200-period EMA on the 4-hour chart, which may lead to further movement toward the $165 support zone. This phase presents a prime opportunity for traders to evaluate their positions and strategies. Observers should note Solana’s ability to rebound, as previous patterns indicate potential resilience. Traders are advised to keep an eye on the market dynamics and prepare for any sudden price movements. Solana’s development team continues to drive innovation, keeping the ecosystem robust and adaptable.