If the price turns down from the moving averages, the bears will try to sink the SOL/USDT pair below $191. If they can pull it off, the Solana price could plummet to $185 and thereafter to $155.
This negative view will be invalidated in the near term if the price turns up and breaks above the 20-day EMA. That clears the path for a retest of the $260 overhead resistance, where the bears are expected to mount a strong defense.
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If the price turns down from the moving averages, the bears will try to sink the SOL/USDT pair below $191. If they can pull it off, the Solana price could plummet to $185 and thereafter to $155.
This negative view will be invalidated in the near term if the price turns up and breaks above the 20-day EMA. That clears the path for a retest of the $260 overhead resistance, where the bears are expected to mount a strong defense.