Most of the cryptocurrencies are facing a correction today, according to CoinStats.

Top coins by CoinStatsSOL/USD

The rate of Solana (SOL) has declined by 1.14% over the last 24 hours.

Image by TradingView

The price of SOL has failed to fix above the $160 zone. If the daily bar closes near the $154 mark and with no long wick, the fall may lead to a test of the $150 range within the next few days.

SOL is trading at $154.8 at press time.

TON/USD

Toncoin (TON) is not an exception to the rule, falling by 0.87%.

Image by TradingView

On the daily time frame, the rate of TON is far from the support and resistance levels. 

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But if bears' pressure continues and the bar closes near $5.70, traders may witness an ongoing drop to the $5.50-$5.60 area,

TON is trading at $5.792 at press time.