Solana (SOL) Price Prediction for December 27
12/27/2024 22:42
When can traders expect bounce off from Solana (SOL)?
Original U.Today article
When can traders expect bounce off from Solana (SOL)?
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The market remains mainly red, however, there are some exceptions to the rule, according to CoinStats.
SOL/USD
The rate of Solana (SOL) has declined by 1.8% since yesterday.
On the hourly chart, the price of SOL is breaking the local support of $185.58. If the daily candle closes below that mark, the decline is likely to continue to the $180 area soon.
On the bigger time frame, one should pay attention to the candle closure in terms of yesterday's low.
Related
If it happens, traders may witness a test of the $175.26 level within the next few days.
On the weekly chart, the picture is more bearish than bullish. If the price reaches the nearest support level of $175.26, there is a chance to see its breakout, followed by a further correction to the $160 area.
SOL is trading at $184.75 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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