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Bears remain weak on the last day of the week, according to CoinStats.
SOL/USD
Solana (SOL) has gained a lot of value today, rising by 3.63%.
On the hourly chart, the price of SOL is returning to the local support of $128.17.
Denys SerhiichukIf bulls cannot seize the initiative by the end of the day, one can expect a level breakout.
On the bigger time frame, traders should pay attention to the daily candle closure in terms of the $136.21 level. If the bar closes above it, the growth may continue to the $145-$150 range next week.
From the midterm point of view, the picture is more bullish than bearish. If the bar closes around the current prices, one can witness a level breakout followed by an upward move to the $160 mark.
SOL is trading at $129.68 at press time.
Vladislav Sopov
Dan Burgin