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The cryptocurrency market remains fundamentally green today, according to CoinStats.
Sol/US Dollar
Solana (SOL) price is almost unchanged since yesterday.
On the hourly chart, SOL price is on its way to local support at $187.03. If a breakout occurs, bears may seize the initiative, which could lead to a drop to the $185 area.
On the longer time frame, the bulls failed to continue yesterday's growth.
Related to
If the daily bar closes near or below the current price, we will likely see a test of the $180 range soon.
From a mid-term point of view, neither party is dominant. This is also confirmed by low trading volume, which means there are low chances of seeing a sharp rise or fall soon.
SOL is trading at $186.66 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
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