$SOL SOL/USD

The price of Solana (SOL) has increased by 7.64% in the last 24 hours.

On the hourly chart, the price of Solana may have set a local resistance level at $174.67. Given that it has surpassed most of the average ranges, the chances of sharp movements by tomorrow are slim.

On the larger time frame, the price of Solana is still far from key levels. In this case, traders should pay attention to the closing of the current column in terms of its peak.

If this happens with a long wick, short sellers may take the initiative, which could lead to a correction to the $160 range.

A similar picture can be seen on the weekly chart. If the candle closes around the current prices, a test of the $200 level can be expected soon.

Solana is trading at $172.00 at the time of publication.

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