The price of Solana (SOL) shows slight fluctuations at the beginning of the week, representing a situation without clear dominance from either side.
Overall Status of SOL Price
As of the time of publication, the price of Solana (SOL) stands at $151.34. Over the last day, it decreased by 0.73%, but overall, it demonstrates stability.
Technical Analysis and Support Levels
On a longer time frame, SOL is within the daily candle, indicating that neither side is dominating. Trading volume continues to decline, confirming the lack of significant strength from both buyers and sellers.
Forecasts and Future Price Movements
Traders should pay attention to the bar's closure concerning the previous candle's high. If the rise continues, there is a likelihood of testing the nearest level at $163.64 soon.
The current situation on the Solana market requires careful observation since a potential breakthrough of key resistances could significantly influence future price movements.
