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The market is still mainly in the red, however, there are some exceptions to this rule, he said CoinStats.
Sol/US Dollar
Solana (SOL) is down 1.8% since yesterday.
On the hourly chart, SOL price breaks the local support at $185.58. If the daily candle closes below this mark, the decline to the $180 area is likely to continue soon.
On the larger time frame, you should pay attention to the candle closing in terms of yesterday's low.
Related to
If that happens, traders could see a test of the $175.26 level over the next few days.
On the weekly chart, the picture looks more bearish than bullish. If the price reaches the nearest support level at $175.26, there is a chance to see a breakout, followed by a further correction to the $160 area.
SOL is trading at $184.75 at press time.
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