As a seasoned analyst with over two decades of experience in the financial markets, I’ve seen plenty of market fluctuations and trends. From the dot-com bubble to the 2008 financial crisis, I’ve learned that buyers can indeed be persistent, and they certainly are not going to give up on Solana (SOL) so easily, as suggested by CoinMarketCap.
Buyers are not going to give up so easily, according to CoinMarketCap.
SOL/USD
The rate of Solana (SOL) has risen by 2.44% over the past 24 hours.
On an hourly basis, Solana’s price is currently situated within its local range. Yet, traders might anticipate a potential breakthrough in resistance levels should today’s candlestick approach the vicinity of $136. This could subsequently lead to a push towards the $137 mark.
Looking at the larger perspective, it’s advisable to pay close attention to the price point of approximately $138.13. If the closing price surpasses this level, the built-up momentum could potentially propel the price upwards towards the $145-$150 range.
Looking ahead from the halfway mark, it seems that bulls haven’t built up sufficient momentum to maintain an extended uptrend just yet. Given this, it appears more probable for the market to continue hovering within the range of $120 to $140 until the end of this month, with no clear trend in either direction.
SOL is trading at $134.56 at press time.
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2024-09-12 18:47