#sol Price Analysis

On December 25, the price of #solana (SOL) fell from the 20-day moving average (203 USD), indicating that market sentiment remains weak.

The SOL/USDT currency pair may drop to the ascending trend line, which is a key support level. If this support level breaks, it may indicate that the bear market is still dominating the market, and the price could further decline to 155 USD, a level that may attract buying interest.

If the price rebounds from the ascending trend line and breaks above the 20-day EMA, the current negative outlook will short-term be invalidated. At that point, the currency pair may attempt to rebound to the 50-day moving average (221 USD).