U.Today - Most of the coins are coming back to the green zone today, according to CoinMarketCap.
SOL/USD
The rate of Solana (SOL) has risen by 4.37% over the last 24 hours.
On the hourly chart, the rate of SOL is returning to the local support of $233.06. If sellers' pressure continues, one can expect a test of the $230 area by tomorrow.
On the bigger time frame, the situation is also rather more bearish than bullish. If the candle closes with a long wick, the accumulated energy might be enough for a support breakout, followed by a further correction to the $210-$220 range.
From the midterm point of view, it is too early to make any distant predictions as the week has just started. Thus, the volume has dropped, confirming the absence of buyers and sellers' energy.
In this case, sideways trading in the zone of $220-$260 is the most likely scenario.
SOL is trading at $236.38 at press time.
This content was originally published on U.Today
