Solana has pulled back to the moving averages, which is an important support to watch out for in the near term.

If the price rebounds off the moving averages and breaks above $152, the SOL/USDT pair could rally to $164. This level may pose a strong challenge, but if bulls overcome this obstacle, the pair could travel to $180 and later to $210.

Contrary to this assumption, if the price turns down sharply and breaks below the 20-day EMA ($139), it will suggest that the bears continue to sell on relief rallies. The pair could swing between $164 and $116 for some time.