Solana price analysis

Solana - $SOL successfully held the retest of the breakout level of $164 on Nov. 1, indicating that bulls have the upper hand.

Buyers will try to push the price above the near-term resistance of $183. If they do that, the SOL/USDT pair could rally to $189.

Sellers will try to halt the up move at $189, but if the bulls prevail, the pair may reach $210.

Conversely, if the price turns down and breaks below $164, it will suggest that the bulls are rushing to the exit.

The pair could descend to the 50-day SMA ($152) and subsequently to the uptrend line.