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Most of the coins are trying to get back in the game, according to CoinMarketCap.
SOL/USD
Solana (SOL) is one of the biggest gainers today, going up by 4.86%.
On the hourly chart, the rate of SOL is trading closer to the resistance than to the support, which means that buyers are more powerful than sellers at the moment. If the daily bar closes above $190, there is a chance to see a breakout, followed by a move to the $200 zone.
On the daily time frame, the situation is not so positive, as the rate is far from the main levels. Thus, the volume keeps declining, which means that none of the sides has seized the initiative yet.
Denys SerhiichukIn this case, sideways trading in the area of $175-$195 is the more likely scenario until the end of the week.
A better picture can be seen on the daily chart against BTC. Traders should pay attention to the bar's closure in terms of the nearest level of 0.00288. If it happens near it, one can expect a breakout to the 0.0030 area soon.
SOL is trading at $188.29 at press time.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin
U.Today Editorial Team