CandleFocus Solana (SOL) Price Prediction for October 20
2024-10-20
Author: Content Editor
The price of Solana (SOL) has increased by 2.05% over the last 24 hours, and the rate of SOL is approaching the local resistance level of $160.64. If a breakout occurs, there is a likelihood that the price will continue to rise towards the $165 zone. Traders should also keep an eye on the level of $163.70, as a daily bar closing around that mark could lead to further upward movement towards the $175-$180 range. On the weekly chart, SOL is heading towards testing the local level of $163.70, and if buying pressure continues, a breakout could occur, potentially pushing the price towards the $190 area. At the time of writing, SOL is trading at $159.11.
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