Solana SOL Price Analysis April 5, 2023

SOLUSDT

Solana has been trading in a narrow range, which is often followed by a surge in volatility. If the price breaks and closes above the downtrend line, it would indicate that the bulls have taken control and a new uptrend could begin, with the first target at $27.12. If this level is surpassed, the SOL/USDT pair could gain momentum and rally to $39. Conversely, if the price fails to sustain above the downtrend line, the bears may attempt to push it below $18.70 and test the crucial support near $15.28.