The market bounce back has not lasted long, according to CoinStats.

SOL/USD

The price of Solana (SOL) has declined by 0.26% over the last 24 hours.

Article image

On the hourly chart, the rate of SOL might have found a local support at $173.73. If the daily bar closes near $180, growth may lead to the test of the $182-$184 zone shortly.

Article image

On the bigger time frame, sellers are controlling the initiative on the market.

Buyers may start thinking about a reversal only if they return the rate to the resistance of $188.32 and fix above it.

Article image

From the midterm point of view, one should focus on the weekly bar’s closure in terms of the $188.89 level. If it breaks out, growth may continue to the vital area of $200.

SOL is trading at $177.79 at press time.

Read the full article here

Share.

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision