Solana (SOL) rises 0.61% to $168.26, sideways trading likely

Solana (SOL) has experienced a slight increase of 0.61% over the past day, currently trading at $168.26. On the hourly chart, the price of SOL is hovering near the support level of $166.78. If buyers fail to take control, the price may drop to the $165 zone by tomorrow. On a larger time frame, SOL is trading within the range of yesterday's bar, indicating that neither bulls nor bears have accumulated enough momentum to drive significant price movements. This suggests that sideways trading within the narrow range of $164-$174 is the most likely scenario in the near term. From a mid-term perspective, neither bulls nor bears are dominating the market, and the low trading volume indicates that sharp price movements are unlikely in the near future.