Solana

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Some coins from the top 10 list keep rising, while others are falling, according to <a href="https://u.today/bnb-and-sol-price-analysis-for-december-25" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="2e8094cf-aea1-4b1c-b167-4d55baa211ed" src="https://u.today/sites/default/files/inline-images/top10_853.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="sol-usd">SOL/USD</h2>
The price of Solana (SOL) keeps setting new local peaks, rising by 1.34%. <img data-entity-type="file" data-entity-uuid="8901a263-1d9b-449b-b02c-47109b11e11d" src="https://u.today/sites/default/files/inline-images/sol1_14.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of SOL is in the middle of the local channel. The price has made a false breakout of the $111.10 level.
If the bar closes far from that mark and closer to the resistance, one can expect a test of the $124 area soon. <img data-entity-type="file" data-entity-uuid="2cf22db7-b6df-4e31-85d7-35458490d111" src="https://u.today/sites/default/files/inline-images/sol2_12.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSD" rel="noopener noreferrer nofollow">TradingView</a>
A different picture can be seen on the daily time frame. Buyers could not keep the rise going after yesterday's bullish candle closure. If today's bar closes near $110 or below, the correction may continue to the $100-$105 area shortly. <img data-entity-type="file" data-entity-uuid="9b220522-097c-48f4-99aa-7a4b38af1545" src="https://u.today/sites/default/files/inline-images/sol3_12.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the rate of SOL has made a false breakout of the recently formed resistance of $118.10. If the bar closes far from that level, bears may seize the initiative, which can lead to a test of the $100 area soon.
SOL is trading at $114.95 at press time.

Solana (SOL) Price Analysis for December 26

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