SOL Breaks 200-MA

Solana is quietly ranging below $140, heading towards the January 10 bottom of $130. Since Solana is below EMA 20 on a 4-hour chart, it has turned extremely bearish. Solana bulls must hold this support level in order for any chance of a mild bullish rally up to the previous high of $151 of January 16. Otherwise, we may enter a bearish cycle dropping the price to $124 support, fib 1.414. Solana must rise above the shaded zone near $175 to turn positive.