u.today
Neither buyers nor sellers have turned out to be more powerful today, according to the CoinMarketCap ranking.
SOL/USD
The price of Solana (SOL) has gone down by 1.74%.
SOL/USD chart by Trading View" src="https://cnews24.ru/uploads/ea9/ea96a8afdf622a9c878c53e30dcf412a120e39ed.png" size="2698x1318">
On the hourly chart, traders should pay attention to the local support level at $20.52. If the bears' pressure continues and the candle closes near it or even below it, the breakout may lead to the test of the $20 zone shortly.
SOL/USD chart by Trading View" src="https://cnews24.ru/uploads/6ab/6abf04c87d98e63b9d0dcf0d2f0b75c8853cc891.png" size="2698x1318">
Sellers are more powerful than buyers on the daily time frame, as the price is on the way to the support at $19.42.
If the decline continues to $20, there is a high possibility to see a sharp downward move to the $18-$19 zone at the beginning of April.
SOL/USD chart by Trading View" src="https://cnews24.ru/uploads/90c/90c84e03cc81ff050fe673541d52c778dd87e073.png" size="2698x1318">
On the weekly chart, the price of Solana (SOL) has once again bounced off the support level at $19.68. If the situation does not change, the accumulated energy might be enough for an ongoing drop to the nearest support at $16.
SOL is trading at $20.50 at press time.