As a seasoned analyst with years of experience navigating the cryptocurrency market, I find myself intrigued by the current trajectory of Solana (SOL). Having witnessed numerous bull and bear cycles, I can confidently say that this coin has shown resilience and potential for growth.
The market keeps trading in the green zone, according to CoinStats.
SOL/USD
The price of Solana (SOL) has increased by 4.09% since yesterday.
On an hourly timeframe, keep a close eye on where today’s daily candlestick ends in relation to the $141.03 point. If it finishes above this level, there’s a good chance the price trend will head towards $145 tomorrow.
Looking ahead on a larger time scale, investors appear to be re-entering the market following yesterday’s downturn that ended bearishly.
As a researcher, if the price action manages to close within the $144 zone or higher, it could potentially pave the way for a subsequent test of the $150 region in the near future.
Looking at the midterm perspective, the situation appears less optimistic. The Speed-of-Light (SOL) rate is significantly below the resistance of $162, suggesting that a rapid turnaround may not occur just yet. If selling pressure persists and the price dips to $130, it might gather enough momentum for a drop towards the support level of $116.
SOL is trading at $142 at press time.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- USD PHP PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- XRP PREDICTION. XRP cryptocurrency
- BICO PREDICTION. BICO cryptocurrency
- USD ZAR PREDICTION
- USD COP PREDICTION
- EUR BRL PREDICTION
- SNS PREDICTION. SNS cryptocurrency
2024-10-04 18:23