The price of Solana (SOL) has risen by almost 4% over the last day.
Image by TradingViewOn the hourly chart, the rate of SOL is testing the local support level of $172.31. If it breaks out, bears may return to the game, followed by a test of the $170 zone.
Image by TradingViewOn the daily time frame, the price of SOL has made a false breakout of the interim level of $173.93. At the moment, one should pay attention to the bar’s closure.
If it happens far from that mark, there is a chance to see a correction to $170.
Image by TradingViewFrom the midterm point of view, it is too early to make any distant predictions. However, If buyers can hold the gained initiative and the candle closes near $176, the upward move may continue to the next resistance at $184.68.
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.
