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SOL technical analysis.
After trading near the 20-day EMA ($19.47) for the past few days, Solana (SOL) broke above resistance on September 18.
The 20-day EMA is flat and the RSI is near the midpoint, suggesting that the bears may be losing control. The buyers will try to consolidate their positions further by pushing the price towards the resistance at $22.30. This level is likely to attract sellers.
If the bulls fail to hold the price above the 20-day EMA, it will suggest that the bears are selling at higher levels. The first support on the downside is $18.50 and if this level is breached, SOL risks falling to the next major support level at $17.33
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