Solana / Dollar intraday: target 117.0

Our pivot point stands at 125.1.

Our preference: target 117.0.

Alternative scenario: above 125.1, look for 128.2 and 130.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (122.7) but above its 50 period moving average (122.2).

Supports and resistances:

130.0 **

128.2 *

125.1 **

123.9

122.4 last

118.8

117.0 **