Buyers are not going to give up so easily, according to CoinMarketCap.
SOL/USD Analysis
Solana (SOL) has gained 2.44% in the past 24 hours.
On the hourly chart, SOL is currently trading in the middle of its local channel. A potential resistance breakout could occur if today’s candle closes near the $136 level, which could pave the way for a move toward $137.
On the daily chart, the key level to watch is $138.13. A close above this level could trigger enough momentum to push SOL into the $145-$150 range.
From a midterm perspective, bulls have not yet gathered sufficient momentum for a sustained rally. As a result, SOL is likely to continue trading sideways within the $120-$140 range until the end of the month.
At press time, SOL is trading at $134.56.