As a seasoned crypto investor with several years of experience under my belt, I’ve learned to keep a close eye on market trends and price movements. The recent news that bulls are trying to make a comeback, according to CoinStats, has certainly piqued my interest.
Bulls are trying to return to the game, according to CoinStats.
SOL/USD
The price of Solana (SOL) has increased by 1.07% since yesterday.
On the hourly chart, Solana’s price may have established a local resistance level at $149.9. Should buyers manage to sustain their momentum and the candle closes in this vicinity, there is potential for further growth towards the $152-$154 price range in the upcoming day.
On larger time scales, bulls retain their strength. Should the candlestick close in proximity to the significant level of $150, an advance could potentially prompt a challenge of the resistance at $158.5 in the near future.
Based on the midterm perspective, it’s premature to consider a reversal for SOL since it hasn’t gathered sufficient energy for such a move yet.
Only if the rate gets back to $160 and fixes above it is there a chance to see a test of $180.
SOL is trading at $148.98 at press time.
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2024-05-15 17:50