Is price of Solana (SOL) ready for local bounce back?
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U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.On the hourly chart, the rate of SOL might have set a local resistance of $119.94. If the daily bar closes far from that mark, there is a chance to see a test of the support of $114.90 by tomorrow.If the situation does not change, ongoing sideways trading in the narrow range of $115-$125 is the most likely scenario.From the midterm point of view, the picture remains bearish as the price keeps trading near the support of $110. If its breakout happens, traders may witness a test of SOL at the vital $100 mark.
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