SOLana could find support at $15.28

SOLUSDT

Solana has been trading between the 20-day EMA ($22.61) and the 200-day SMA ($20.91) for the past two days. Although the bears have taken the price below the 20-day EMA, they have not yet been able to retest the 200-day SMA, indicating a lack of aggressive selling at lower levels. The 20-day EMA is flattening out, and the RSI is slightly below the midpoint, indicating a range-bound action in the near term.

The SOL/USDT pair may continue to swing inside the large range between $27.12 and $15.28 for some time. If the price falls below the 200-day SMA, the pair may drop to $18.70. However, if the price rises above the 20-day EMA, the pair may surge to $27.12.

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