SOL (SOLUSDT) Gathers Its Positive Strength – Analysis – 10-17-2024 $SOL

The price of SOL/USD (SOLUSDT) has slightly declined during its recent trading at the moment levels, as the price tries to gain positive momentum that may help it recover and rise again, while at the same time trying to drain some of its clear buying saturation with the relative strength indicators, especially with the beginning of the emergence of negative signals from them, amid its trading along a minor upward trend line in the short term, with the continuation of positive pressure due to its trading above its previous 50-day simple moving average.

Therefore, we expect the currency price to rise again during its upcoming trading, especially in the event that it breaks the resistance level of 162.00, to then target the resistance level of 188.30.

The expected direction for the pair’s upcoming trading: Likely to rise