The cryptocurrency market is currently trading in the green zone, with Solana (SOL) experiencing a 4.09% price increase since yesterday. Traders should be monitoring the closure of the daily bar in relation to the $141.03 level, as a close above it could lead to further upward movement towards the $145 mark. On a larger time frame, buyers are attempting to return after a bearish closure, and if the candle closes above $144, there may be a chance for a test of the $150 area. However, from a midterm perspective, the outlook is less positive, as SOL is still far from the resistance level of $162. If sellers' pressure continues and the price drops to $130, there could be enough momentum for a move towards the support level of $116. At the time of writing, SOL is trading at $142.
- Content Editor ( u.today )
- 2024-10-04
Solana (SOL) Price Prediction for October 4