How long is accumulation period of Solana (SOL) going to last? Advertisement

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The rates of most of the coins keep rising today, according to CoinStats.

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SOL/USD

The price of Solana (SOL) has dropped by 0.09% since yesterday.

The rate of SOL is falling after a false breakout of the local resistance of $145.35. If bulls cannot seize the initiative shortly, there is a chance to see a test of the $140 mark tomorrow.

On the bigger time frame, one should focus on the nearest level of $149.73. At the moment, the price of SOL keeps accumulating energy. 

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However, if the breakout of the important $150 mark happens, one can expect a blast to $160-$170.

From the midterm point of view, the price of SOL is rising after the previous bullish candle closure. However, buyers might need more time to accumulate energy for a further move. In this regard, consolidation in the range of $130-$160 is the most likely scenario.

SOL is trading at $144.18 at press time.