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Buyers are not going to give up so easily, according to CoinMarketCap.
SOL/USD
The price of Solana (SOL) has risen by almost 4% over the last day.
On the hourly chart, the rate of SOL is testing the local support level of $172.31. If it breaks out, bears may return to the game, followed by a test of the $170 zone.
On the daily time frame, the price of SOL has made a false breakout of the interim level of $173.93. At the moment, one should pay attention to the bar's closure.
Denys SerhiichukIf it happens far from that mark, there is a chance to see a correction to $170.
From the midterm point of view, it is too early to make any distant predictions. However, If buyers can hold the gained initiative and the candle closes near $176, the upward move may continue to the next resistance at $184.68.
SOL is trading at $173.28 at press time.
Alex Dovbnya
Vladislav Sopov
Dan Burgin