u.today
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.
SOL/USD
The price of Solana (SOL) has dropped by 4.73% over the last day.
On the hourly chart, the price of SOL is closer to the support, which means that bears remain in control of the market.
If buyers cannot seize the initiative soon, traders may witness an ongoing decline to $130.
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.
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.