The market keeps trading in the green zone, according to CoinStats.
SOL chart by CoinStatsSOL/USD
The price of Solana (SOL) has increased by 4.09% since yesterday.
Image by TradingView
On the hourly chart, traders should pay attention to the daily bar's closure in terms of the $141.03 level. If it happens above it, the upward move is likely to continue to the $145 mark tomorrow.
Image by TradingView
On the bigger time frame, buyers are trying to come back to the game after yesterday's bearish closure.
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If they manage to do that and the candle closes in the zone of $144 or above, there is a chance to see a test of the $150 area soon.
Image by TradingView
From the midterm point of view, the picture is less positive. The rate of SOL is far from the resistance of $162, which means it is too early to think about a fast reversal. If sellers' pressure continues and the price reaches the $130 mark, the energy might be enough for a move to the support level of $116.
SOL is trading at $142 at press time.