SOLana bounces off of a downtrend line

SOLUSDT

On April 26, Solana attempted to break out of the tight range trading but failed. On April 28, the bulls are again trying to tilt the balance in their favor. If the price rises above the immediate resistance level at $23.18, it will indicate that the bulls have absorbed the supply. The SOL/USDT pair will then attempt to rally towards the significant overhead resistance at $27.12, which remains the key level for the bulls to overcome.

If they can do that, the pair may start a new upward movement and soar to $39. On the other hand, if the bears want to stop the rally, they will have to quickly pull the price below the support level at $18.70. In that case, the pair could drop to the next support at $15.28.

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