The majority of coin prices are on the rise today, although there are a few exceptions noted by CoinStats.
SOL chart by CoinStats
The price of Solana (SOL) remains unchanged compared to yesterday.
Image by TradingView
Looking at the hourly chart, the SOL rate appears bullish as it attempts to break the $197.31 resistance. If buyers maintain this momentum, an upward movement could see a test of the $200 range tomorrow.
Image by TradingView
On a larger time scale, the price is distant from key levels, indicating that buyers require more time to build up momentum for future moves.
Given this, trading within the $195-$205 range is the more probable scenario for the upcoming week.
Image by TradingView
Looking at a midterm perspective, the rate is approaching the $205.20 resistance. If the weekly bar closes near current prices, traders may anticipate a breakout leading to movement within the $220-$240 zone shortly.
At present, SOL is trading at $197.17.
