Solana price risks losing $20 in April, SOL price technicals suggest.
The SOL/USD selloff on April 17 started after it entered its 2023 resistance range.
In this bear scenario, the immediate downside target appears to be around $20, about 20% lower than the current prices. Such a breakout could extend until $35 over the next few months, and this level coincides with SOL's 50-week exponential moving average .On April 17, U.S.-based Grayscale Investments announced that its Grayscale Solana Trust has begun trading on OTC Markets under the symbol: GSOL.To recap: the Grayscale Solana Trust is a security that derives its value from the SOL's spot price.
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