The price of Solana (SOL) has increased by 1.07% since yesterday.
Image by TradingViewOn the hourly chart, the rate of SOL might have set a local resistance level of $149.9. If buyers can hold the gained initiative and the bar closes near that mark, there is a chance to see an ongoing rise to the $152-$154 range tomorrow.
Image by TradingViewBulls are also powerful on the bigger time frame. If the candle closes near the vital zone of $150, the upward move may lead to the test of the resistance of $158.5 soon.
Image by TradingViewFrom the midterm point of view, it is too early to think about a reversal as SOL has not accumulated enough energy yet.
Only if the rate gets back to $160 and fixes above it is there a chance to see a test of $180.
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.
