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Most of the coins are trying to come back to the green zone, according to CoinStats.
SOL/USD
Solana (SOL) is one of the biggest gainers today, rocketing by 4.46%.
On the hourly chart, the rate of SOL is rising after a breakout of the local resistance of $126.60. If bulls can hold the gained initiative, the upward move is likely to continue to the $135 area.
On the bigger time frame, one should focus on the candle's closure in terms of the $131.57 level. If it happens around it and with no long wick, the accumulated energy might be enough for a move to the $140 range.
From the midterm point of view, the price of SOL has once again bounced back from the support level of $115.47.
Denys SerhiichukIf the bar closes far from that mark, buyers may seize the initiative, which may lead to a move to the $140-$150 zone.
SOL is trading at $132.30 at press time.
Dan Burgin
Vladislav Sopov