SOLUSDT will range between 136 resistance and 122 support.
SOLUSDT is currently fluctuating between the resistance zone of 134 - 136 USD and the support zone around 122 - 124 USD. The price has faced multiple rejections at resistance, but if it breaks through, a strong upward move could follow.
At present, the RSI stands at 47.74, indicating balanced buying and selling pressure. Meanwhile, the price remains below both the EMA 34 and EMA 89, signaling a short-term downtrend.
On the news front, SOLUSDT is impacted by FED monetary policy and USD volatility. Additionally, developments in Solana’s network, especially in NFT and DApps projects, could provide upward momentum for the token. However, if it fails to break resistance, the price may revisit the support level at 122 USD.
At present, the RSI stands at 47.74, indicating balanced buying and selling pressure. Meanwhile, the price remains below both the EMA 34 and EMA 89, signaling a short-term downtrend.
On the news front, SOLUSDT is impacted by FED monetary policy and USD volatility. Additionally, developments in Solana’s network, especially in NFT and DApps projects, could provide upward momentum for the token. However, if it fails to break resistance, the price may revisit the support level at 122 USD.
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