The crypto market remains mainly green today, according to CoinStats.
SOL/USD
The price of Solana (SOL) is almost unchanged since yesterday.
Looking at the hourly graph, the price of SOL is trending towards the nearby support level of around $187.03. Should it burst through this level, there’s potential for bears to take control, possibly causing a decline towards the $185 area.
On the longer time frame, bulls have failed to continue yesterday’s growth.
If the daily market closing price approaches or falls beneath its current level, it might lead to a quick examination of the $180 price range in the near future.
Looking at the halfway mark, neither side seems to have a clear advantage. Additionally, the decreasing activity level indicates that significant price fluctuations (either upwards or downwards) might be unlikely in the near future.
SOL is trading at $186.66 at press time.
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2025-01-15 13:36