The bulls are dominating today, according to CoinStats.

SOL/USD

Solana (SOL) is one of the biggest gainers today, rising by 15.92%.

On the hourly chart, the price of SOL might have found a local support level of $157.29. If the daily bar closes far from that mark, growth is likely to continue to the resistance of $179.47 by tomorrow.

On the bigger time frame, one should pay attention to the level of $180.52. Until the rate reaches that mark, bears remain more powerful than bulls.

However, if the breakout happens, the accumulated energy might be enough for a test of the $200 zone.

From the midterm point of view, it is too early to make any distant predictions. If the weekly bar closes above $175 and with no long wick, growth may continue to the $200-$225 area.

SOL is trading at $164.90 at press time.