There are no reversal signals on the market yet, according to CoinStats.
SOL/USD
The rate of Solana (SOL) has increased by 7.64% over the last 24 hours.
On the hourly chart, the price of SOL might have set a local resistance of $174.67. As most of the ATR has been passed, there are low chances of seeing sharp moves by tomorrow.
On the bigger time frame, the rate of SOL is far from main levels. In this case, traders should pay attention to the current bar’s closure in terms of its peak.
If it happens with a long wick, bears may seize the initiative, which may lead to a correction to the $160 range.
A similar picture can be seen on the weekly chart. If the candle closes around current prices, one can expect a test of the $200 mark soon.
SOL is trading at $170.13 at press time.
