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Buyers are not going to give up so easily, according to CoinStats.
The rate of Solana (SOL) has risen by 1.37% over the last 24 hours.
The price of SOL is growing after a false breakout of the local support level of $94.92. If buyers can hold the gained initiative until the end of the day, there is a chance to see a test of the resistance tomorrow.
A less clear picture is seen on the daily time frame. From the technical point of view, neither bulls nor bears are ready for a sharp move. The falling volume also confirms this assertion.
In this case, ongoing sideways trading around the $95 mark is the more likely scenario for the next few days.
A similar situation can be seen on the weekly chart. At the moment, one should pay attention to the candle's closure. If it happens below the previous bar low, the correction may continue to the $80-$90 area.
SOL is trading at $95.69 at press time.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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