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Solana (SOL) Prediction for August 29

source-logo  u.today 29 August 2024 17:25, UTC

Most coins from the top 10 list are bouncing off today, according to CoinStats.

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SOL/USD

The price of Solana (SOL) has gone up by 1.78% since yesterday.

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On the hourly chart, the rate of SOL is trading near the resistance of $145.99. If its breakout happens, there is a chance to see a test of the $150 zone shortly.

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On the daily time frame, the price is trading within yesterday's bar, which means neither bears nor bulls are dominating. In this case, sideways trading in the narrow range of $145-$150 is the more likely scenario until the end of the week.

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From the midterm point of view, buyers have failed to keep the growth. If the current weekly bar closes below $138, sellers may again seize the initiative, which might lead to a correction to the $130 mark.

SOL is trading at $146.60 at press time.

u.today
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