U.Today - Most of the coins are in the green zone on the first day of the week; however, there are some exceptions to the rule, according to CoinStats.
SOL/USD
Unlike other coins, the price of Solana (SOL) has fallen by 2.1% over the last day.
On the hourly chart, the rate of SOL is in the middle of the local channel, between the support of $180.77 and the resistance of $189.72. If growth continues, one can expect a test of the upper level by tomorrow.
On the longer time frame, traders should focus on the bar's closure in terms of the support of $175.89.
If it happens near it or below, the energy might be enough for a level breakout, followed by an ongoing downward move to the $170 area.
From the midterm point of view, there are no reversal signals yet. If the weekly bar closes near its low, traders may witness a test of the support of $157.82 soon.
SOL is trading at $184.50 at press time.
This content was originally published on U.Today
