Solana, Tezos, MANA Price Analysis: 20 February

ambcrypto.com:

While the broader sentiment drifted back into the fear zone, Solana, Tezos and MANA revealed oversold readings on their 4-hour chart. Accordingly, they lost crucial support levels and flipped them to immediate resistance.

Solana (SOL)

Source: TradingView, SOL/USD

SOL saw a nearly 44% loss (from 20 January) and touched its five-month low on 24 January. Since then, it saw an over 50% jump toward its $120-resistance. During this phase, it formed an up-channel on its 4-hour chart.

Since then, the alt downturned to test its 50 EMA (red) and eventually flipped the $92-mark from support to immediate resistance. The bulls have managed to keep the $83-level intact for over five months now. Thus, further retracements should find testing grounds near that level.  

At press time, SOL traded at $86.39. After losing its midline support, the bearish RSI tested the 43-point resistance multiple times but struggled to show revival signs. A further retest of the oversold region before picking itself up seemed likely. Also, the -DI (of the DMI) looked north, justifying the near-term bearish tendencies of SOL.

Tezos (XTZ)

Source: TradingView, XTZ/USDT

As XTZ plunged towards the $2.7-zone, the bulls took over as the alt bounced back and jabbed through crucial price points.

The altcoin witnessed an 81.2% ROI (from its six-month low on 24 January) while forming an ascending channel (yellow). As a result, it tested the $4.5-mark on 10 February. Since then, the broader sell-off fueled the up-channel breakdown as XTZ lost the $3.4-mark (immediate resistance). Any further fall decline would find a floor at the $3.2-level.

At press time, XTZ was trading at $3.424. Over the last four days, The RSI saw a 27-point fall from its midline and tested the oversold