CandleFocus Solana (SOL) Price Prediction for September 10
2024-09-10
Author: Content Editor
According to CoinStats, buyers are trying to maintain the gained momentum in the Solana (SOL) cryptocurrency. SOL has experienced a 3.65% increase in its rate since yesterday. Looking at the hourly chart, SOL is currently trading in the middle of a local channel, with support at $132.79 and resistance at $135.48. As no dominant side is present, it is expected that sideways trading will continue at current prices. On the bigger time frame, attention should be given to the bar's closure at the $136.15 level. If it breaks out, there is a possibility of further growth, potentially reaching the $140 zone by the end of the week. From a midterm perspective, the rate of SOL is not far from the support level of $116, which indicates that sellers' pressure is still relevant and may lead to a decline. At present, SOL is trading at $134.15.
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