2025-09-17 17:48:31

Technical review: Solana bulls aim for a 27% breakout:

Solana remains above the support level set at $230, as the bulls anticipate a quick recovery above the short-term target at $250. The token is also significantly above key moving averages, including the 50-day exponential moving average (EMA) at $203, the 100-day EMA at $188, and the 200-day EMA at $177, supporting the bullish outlook.
The same moving averages will serve as temporary support levels if the macroeconomic situation does not support a bullish outcome, and holders will sell, taking profits, after the rise to the resistance level of $248-250 last week.
The supportive macroeconomic environment, starting from a potential reduction in the Fed rate, may improve the bullish forecast for Solana towards its record high of $296.
Nevertheless, the sharp decline of the Relative Strength Index (RSI) from the overbought area to 62 indicates a weakening of the bull momentum. If the decline continues in the upcoming sessions, the price of SOL may extend the correction below the short-term support at $230 and potentially head towards the 50-day EMA at $203.
#SOL
#SOL Price Prediction
#Fed Rate Cut Ahead

SOL-1,5%

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