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None of the sides is dominating on the first day of the week, according to CoinStats.
SOL/USD
The price of Solana (SOL) has declined by 0.73% over the last day.
Despite today's drop, the rate of SOL is rising after a false breakout of the support of $149.70. If buyers' pressure continues, one can expect a test of the resistance level soon.
On the longer time frame, the price of SOL is within yesterday's candle, which means none of the sides is dominating at the moment.
The volume keeps falling, confirming the absence of buyers' or sellers' strength. In this case, sideways trading in the area of $150-$155 is the most likely scenario.
From the midterm point of view, traders should pay attention to the bar's closure in terms of the previous candle's high. If the rise conitnues, there is a chance to witness a test of the nearest level of $163.64 soon.
SOL is trading at $151.34 at press time.
Vladislav Sopov
U.Today Editorial Team