CandleFocus Solana (SOL) Price Prediction for December 12
2024-12-12
Author: Content Editor
According to CoinMarketCap, buyers are determined to continue investing in Solana (SOL) despite its price fluctuations. Although SOL has seen a 3.23% increase in the last 24 hours, the price is expected to drop due to a false breakout at the resistance level of $232.98. If the daily bar closes far from that mark, bears could take control and the price may drop to the support level. Currently, SOL is in the middle of a wide channel on a larger time frame, and with low volume, both buyers and sellers are not ready for a significant move. Sideways trading is likely in the near term. Bulls will only consider further growth when the price reaches at least the $260 zone. As of now, SOL is trading at $232.54.
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