U.Today - The situation is neutral on the crypto market on the last day of the week, according to CoinMarketCap.
SOL/USD
The rate of Solana (SOL) has remained the same since yesterday. Over the last week, the price has fallen by 13.46%.
On the hourly chart, the price of SOL is near the local support of $185.60. If a breakout happens, the decline is likely to continue to the $184 zone by tomorrow.
On the bigger time frame, the picture is more bearish than bullish. The rate of the altcoin is on the way to the support level of $182.74.
If buyers cannot seize the initiative shortly, one can expect a test of the $176 area soon.
From the midterm point of view, traders should focus on the weekly bar closure in terms of the previous candle low. If it happens below $184, the decline may continue to the $160-$170 range.
SOL is trading at $186.35 at press time.
This content was originally published on U.Today
