As a seasoned researcher with years of experience in the cryptocurrency market, I find myself constantly intrigued by the dynamic nature of this digital realm. Today, the rates of most coins are on an upward trajectory, and Solana (SOL) is no exception.
The rates of most of the coins keep rising, according to CoinStats.
SOL/USD
The price of Solana (SOL) has increased by 2.05% over the last 24 hours.
On an hourly timeframe, Solana’s price is close to its immediate resistance level at around $160.64. If there’s a breakthrough, it seems probable that the upward trend will carry on towards the $165 region fairly quickly.
On the bigger time frame, traders should pay attention to the level of $163.70.
If the closing price of the daily bar hovers near that level, it could indicate sufficient energy to potentially sustain a rise towards the $175-$180 price range.
Looking at the weekly graph, the price of Solana (SOL) is approaching the nearby resistance level of around $163.70. Should buying momentum persist, it may lead to a breakthrough, potentially pushing the price towards the $190 region.
SOL is trading at $159.11 at press time.
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2024-10-20 19:57