Solana (SOL) price is down 7% since May 23 after falling from a weekly high of $186 to trade at $172 at press time as bulls face resistance at $174. Despite bearish headwinds, Solana’s open interest continues to rise and currently sits at a four-month high. As futures positions surge, can Solana price break out above resistance, or will the decline continue? Solana Price Targets $180 Amid Headwinds SOL value today is bearish as bulls face headwinds in attempting to break SOL price past the key resistance level of $180. The RSI on the daily price chart shows that the momentum is currently bearish. Besides having a reading of 46, the RSI has flattened, an indication that traders are not willing to accumulate at the current price. The DMI indicator shows a similar bearish outlook as the -DI line (blue) oscillates below the +DI line, a sign that sellers are… Read More at Coingape.com
The post Solana Price Eyes $180 as Open Interest Hits 4-Month High appeared first on CoinGape.
