Solana

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The prices of most of the coins are falling on the first day of the weekend, according to <a href="https://u.today/doge-price-analysis-for-september-1" rel="noopener noreferrer nofollow">CoinStats</a>. 
<img data-entity-type="file" data-entity-uuid="203b2a05-ba8b-4e3a-99e9-bcb9e85d99b3" src="https://u.today/sites/default/files/inline-images/top10_632.png">Top coins by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a> 
<h2 dir="ltr" id="sol-usd">SOL/USD</h2> 
The price of Solana (SOL) has declined by almost 1% since yesterday. 
<img data-entity-type="file" data-entity-uuid="e8105432-11e2-4eea-84d5-cea9d95db59d" src="https://u.today/sites/default/files/inline-images/sol1_8.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the local chart, the price of Solana (SOL) has made a false breakout of the support at $19.41. If the daily bar closes far from it, one can expect a bounce back to the resistance at $19.66 tomorrow. 
<img data-entity-type="file" data-entity-uuid="da780902-70c3-40bf-b6a9-469c327a0e97" src="https://u.today/sites/default/files/inline-images/sol2_7.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the daily chart, the price of SOL is more bearish than bullish as it is approaching the support at $18.87. If a breakout of $19 happens, one can expect a blast to the $18-$18.50 zone as enough energy has been accumulated for such a move. 
<img data-entity-type="file" data-entity-uuid="8903b3e6-ae55-4893-b20f-6d21bfbb71e0" src="https://u.today/sites/default/files/inline-images/sol3_6.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the bigger time frame, the rate is testing the previous candle low at $19.35. If the bar closes near it or even below, the correction may continue to the next support zone around $18. 
Such a scenario is relevant until mid-September. 
SOL is trading at $19.44 at press time.

Solana (SOL) Price Analysis for September 2

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