Solana (SOL) is one of the biggest gainers today, going up by 4.86%.
Image by TradingViewOn the hourly chart, the rate of SOL is trading closer to the resistance than to the support, which means that buyers are more powerful than sellers at the moment. If the daily bar closes above $190, there is a chance to see a breakout, followed by a move to the $200 zone.
Image by TradingViewOn the daily time frame, the situation is not so positive, as the rate is far from the main levels. Thus, the volume keeps declining, which means that none of the sides has seized the initiative yet.
In this case, sideways trading in the area of $175-$195 is the more likely scenario until the end of the week.
Image by TradingViewA better picture can be seen on the daily chart against BTC. Traders should pay attention to the bar’s closure in terms of the nearest level of 0.00288. If it happens near it, one can expect a breakout to the 0.0030 area soon.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
