Most of the coins are facing a bounce back on the market, according to CoinStats.
SOL/USD
The price of Solana (SOL) has risen by 4.05% since yesterday.
Every hour on the chart, the price of SOL is experiencing growth following a misleading drop below its previous support of $170.14. Should the daily closing price approach or exceed the current resistance level, this uptrend could potentially carry on up to the $180 area.
Looking at the larger perspective, it’s important for traders to notice the previous day’s highest point at $175.5. If the price manages to end the current candle above this level, there’s a possibility that the asset could rise towards the $185-$190 range over the next few trading days.
Looking at the midpoint, the speed of SOL‘s price movement appears more pessimistic than optimistic since it sits nearer to the support level.
If the buying price falls below the temporary threshold of $170, there’s a chance it could drop further to be tested within the $150-$160 range. This situation might hold true up until the end of the month.
SOL is trading at $173.40 at press time.
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2024-04-11 19:15