June 23 (Cointime) - Solana's price has recovered above the $16 resistance level against the US Dollar, with positive signs showing above the $16 level and a major bullish trend line forming with support near $16.05. If Bitcoin climbs above $30,800, SOL price may rise steadily towards the $20 resistance.

However, a failure to clear the $17.75 resistance level could result in a fresh decline, with initial support on the downside near the $16.00 level and the trend line. The MACD for SOL/USD is losing pace in the bullish zone, while the RSI for SOL/USD is above the 50 level.