The price of Solana (SOL) has increased by 3.51% over the last 24 hours.
Image by TradingViewOn the hourly chart, the rate of SOL is on its way to the local resistance level of $158.67. If the situation does not change by the end of the day, one can expect a breakout, followed by a move to $160.
Image by TradingViewOn the daily time frame, one should pay attention to yesterday’s bar’s peak. If the candle closes near the $160 zone, the upward move may continue to the $170 zone.
Such a scenario is relevant until the end of the week.
Image by TradingViewFrom the midterm point of view, traders should pay attention to the bar’s closure. If it happens near $160 and above, the accumulated energy might be enough to test the $180 area until the end of the month.
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.
