Buyers are not yet able to seize the initiative, according to CoinStats.
SOL/USD
The rate of Solana (SOL) has declined by 1.11% since yesterday.
On the hourly chart, the price of SOL might have found a local support of $141.41. If the daily candle closes far from that mark, the growth may continue to the resistance.
On the bigger time frame, buyers have failed to keep the rise after the previous bullish closure.
If the bar closes around the current prices, the accumulated energy might be enough for a dump to the $140 area.
From the midterm point of view, the picture is neutral. The volume is falling, which means none of the sides is ready to seize the initiative. In this case, ongoing sideways trading in the range of $130-$150 is the most likely scenario.
SOL is trading at $143.40 at press time.
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