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The rates of most of the coins are in the green zone today, according to CoinStats.
SOL/USD
Solana (SOL) is one of the biggest gainers today, rising by 5.57%.
On the hourly chart, the rate of SOL keeps looking bullish on the hourly chart. If bulls can hold the gained initiative, and the candle closes near the resistance, growth is likely to continue to the $240 mark and above.
On the bigger time frame, there are no reversal signals so far. If the bar closes around the current prices and with no long wick, there is a good chance to witness a test of the resistance of $244 by the end of the week.
From the midterm point of view, the picture is similar.
If the weekly candle closes above the $219.97 level, traders may expect an ongoing upward move to the $264 resistance.
SOL is trading at $239.35 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team