Bulls are trying to return to the game, according to CoinStats.
SOL chart by CoinStatsSOL/USD
The price of Solana (SOL) has increased by 1.07% since yesterday.
Image by TradingView
On the hourly chart, the rate of SOL might have set a local resistance level of $149.9. If buyers can hold the gained initiative and the bar closes near that mark, there is a chance to see an ongoing rise to the $152-$154 range tomorrow.
Image by TradingView
Bulls are also powerful on the bigger time frame. If the candle closes near the vital zone of $150, the upward move may lead to the test of the resistance of $158.5 soon.
Image by TradingView
From the midterm point of view, it is too early to think about a reversal as SOL has not accumulated enough energy yet.
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Only if the rate gets back to $160 and fixes above it is there a chance to see a test of $180.
SOL is trading at $148.98 at press time.
