Solana is BOOMING and I'm still LONGing for $27.12

SOLUSDT

Since April 11, Solana's SOL has remained above the downtrend line, indicating that the bulls are not in a rush to secure profits. The 20-day EMA has started to rise, and the RSI is positive, revealing that the bulls are in a favorable position. Nevertheless, the bears are unlikely to relinquish their hold on the $27.12 overhead resistance easily. If the price drops sharply from this level, the SOL/USDT pair could plummet to the 20-day EMA.

If the price bounces back from the 20-day EMA with vigor, it will strengthen the chances of an upsurge toward $39. In contrast, if the price falls below the 20-day EMA, it will indicate that the pair may continue oscillating between $15.28 and $27.12 for some time.

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