CandleFocus Solana (SOL) Price May Not Break All-Time High in 2024, Indicators Reveal
2024-10-18
Author: Content Editor
Despite its strong performance and growing adoption, Solana's price may struggle to break its all-time high this year. Key indicators such as Open Interest (OI) and the Chaikin Money Flow (CMF) suggest that the altcoin's price may lose momentum and face resistance at the $180 level. The declining OI and negative CMF indicate a potential decrease in price to around $127.75 in the short term. However, if the OI increases significantly before the end of the quarter, Solana's price could rally above $200.
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