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Bulls are weaker than bears today, according to CoinStats.
SOL/USD
Solana (SOL) is the exception to the rule, rising by 0.54.
The rate of SOL is in the middle of the channel, between the support of $127.71 and the resistance of $133.92. If the daily bar closes around the current prices, there are low chances of seeing sharp moves soon.
On the bigger time frame, none of the sides has seized the initiative yet. The volume is low which, means neither buyers nor sellers are powerful enough.
Denys SerhiichukAll in all, consolidation in the range of $125-$135 is the most likely scenario.
On the weekly chart, one should focus on the candle's closure in terms of the previous bar's high. If it happens near $136 or above, the accumulated energy might be enough for a test of the $150 mark by the end of the month.
SOL is trading at $131.10 at press time.
Vladislav Sopov
Dan Burgin