Solana tests $122.61 resistance as momentum cools
- —Solana at $119.5, with R1 resistance at $122.61 and S1 support at $116.14
- —EMA20 at $108.7, EMA50 at $99.32, EMA200 at $91.67 — all below price
- —Daily RSI at 67.49, MACD histogram positive at 1.01
- —In Solana DeFi, Raydium AMM up 43.48% over 30 days, PumpSwap down 76.45%
Why it matters: A close above $122.61 would confirm trend continuation, while a break below $116.14 would shift focus to a deeper test of slower moving averages.
Source: The Cryptonomist (IT)