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The market is trying to stay bullish, however, there are some exceptions to the rule, according to CoinMarketCap.
SOL/USD
The rate of Solana (SOL) has dropped by 0.55% over the last day.
On the hourly chart, the price of SOL has made a false breakout of the local support of $213.22. If bulls can hold the gained initiative and the bar closes near the resistance, one can expect a level breakout, followed by further growth to the $225 mark.
On the longer time frame, the rate of SOL has bounced off yesterday's candle's low of $214.50.
If the bar closes far from that level, traders may expect a local upward move to the $230 zone.
From the midterm point of view, one should focus on the weekly bar's closure in terms of the $213 level. If a bounce back does not occur, the decline is likely to continue to the $200 area soon.
SOL is trading at $218.64 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team