The market remains mainly red, however, there are some exceptions to the rule, according to CoinStats.
SOL/USD
The rate of Solana (SOL) has declined by 1.8% since yesterday.
On the hourly chart, the price of SOL is breaking the local support of $185.58. If the daily candle closes below that mark, the decline is likely to continue to the $180 area soon.
On the bigger time frame, one should pay attention to the candle closure in terms of yesterday’s low.
If it happens, traders may witness a test of the $175.26 level within the next few days.
On the weekly chart, the picture is more bearish than bullish. If the price reaches the nearest support level of $175.26, there is a chance to see its breakout, followed by a further correction to the $160 area.
SOL is trading at $184.75 at press time.
Read the full article here
