CandleFocus Solana (SOL) Price Prediction for October 8
2024-10-08
Author: Content Editor
The price of Solana (SOL) has fallen by 5.12% over the last 24 hours, and it is currently in the red zone. The hourly chart shows that SOL is breaking a support level at $142.73, and if the daily bar closes below this level, the decline is likely to continue towards the $141 range. From a bigger time frame, the situation is bearish and if buyers lose the interim level of $142, there may be a test of the $140 zone. This scenario is relevant until the end of the week. In the midterm, there are no reversal signals yet, and if the weekly candle closes around current prices, there may be an ongoing drop to the $130-$135 range. At the time of writing, SOL is trading at $143.48.
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