Can traders expect price blast from Solana (SOL) next week?willbet hotel Advertisement

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Bears remain weak on the last day of the week, according to CoinStats.

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SOL/USD

Solana (SOL) has gained a lot of value today, rising by 3.63%.

On the hourly chart, the price of SOL is returning to the local support of $128.17.

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If bulls cannot seize the initiative by the end of the day, one can expect a level breakout.

On the bigger time frame, traders should pay attention to the daily candle closure in terms of the $136.21 level. If the bar closes above it, the growth may continue to the $145-$150 range next week.

From the midterm point of view, the picture is more bullish than bearish. If the bar closes around the current prices, one can witness a level breakout followed by an upward move to the $160 mark.

SOL is trading at $129.68 at press time.