There is no one-way trend on the market as the prices of some coins are falling while others are going up, according to CoinMarketCap.
Top coins by CoinMarketCapSOL/USD
The price of Solana (SOL) has dropped by 4.73% over the last day.
Image by TradingView
On the hourly chart, the price of SOL is closer to the support, which means that bears remain in control of the market.
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If buyers cannot seize the initiative soon, traders may witness an ongoing decline to $130.
Image by TradingView
None of the sides is dominating on the daily time frame. If the candle closes around the current prices, the consolidation in the narrow range of $135-$140 is the most likely scenario.
Image by TradingView
From the mid-term point of view, one should focus on the weekly bar closure. If it happens near the $120 mark, the accumulated energy might be enough for a breakout, followed by a blast to $100.
SOL is trading at $135.82 at press time.
