Solana: Here’s what traders should watch out for in the short-term

Solana [SOL]: Here's what traders should watch out for in the short-term

, but for all the wrong reasons. Over the weekend the network went 20 hours without processing a single transaction. The price charts reflected this and SOL was unable to climb past the $23.5 level of resistance.Therefore, a retest of the same region could offer selling opportunities. But the indicators showed buying pressure was on the rise- can traders expect a breakout instead?Since 25 February, Solana has bounded between $21.9 and $23.3.

More risk-averse traders can wait for Solana to sink to the vicinity of the $20 support before buying. They can even wait for a push above the mid-range mark and its retest as support. The indicators showed this was a likelihood.The RSI has been below neutral 50 since 22 February but it climbed to 49 over the past couple of days.

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