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Bulls keep controlling the situation on the crypto market after the weekend, according to CoinStats.
SOL/USD
The rate of Solana (SOL) has increased by 5.43% over the last 24 hours.
On the hourly chart, the price of SOL is rising after a breakout of the local resistance of $212.38. If the growth continues and the daily bar closes far from that mark, there is a chance to see a test of the $230-$240 zone.
On the biggest time frame, the rate of SOL keeps growing after yesterday's bullish closure. In this case, traders should focus on the closure in terms of the $215.27 level.
Denys SerhiichukIf buyers can hold the gained initiative, the upward move is likely to continue to the $240 range.
On the weekly chart, the price of SOL has accumulated enough energy for midterm growth. In this regard, the rise may lead to a test of the $250 mark by the end of the month.
SOL is trading at $217.55 at press time.
Valeria Blokhina
Godfrey Benjamin
Vladislav Sopov
Dan Burgin
U.Today Editorial Team