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Buyers are not going to give up so easily, according to CoinMarketCap.
SOL/USD
The rate of Solana (SOL) has risen by 2.44% over the past 24 hours.
On the hourly chart, the price of SOL is in the middle of the local channel. However, traders may expect a resistance breakout if the daily candle closes near the $136 level, followed by a move to the $137 mark.
On the bigger time frame, one should focus on the level of $138.13. If the bar closes above it, the accumulated energy might be enough for a blast to the $145-$150 range.
From the midterm point of view, bulls have not yet accumulated enough energy for a continued upward move. In this case, ongoing sideways trading in the zone of $120-$140 is the more likely scenario until the end of the month.
SOL is trading at $134.56 at press time.
Gamza Khanzadaev
Yuri Molchan
U.Today Editorial Team
Vladislav Sopov
Dan Burgin