Solana

April

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Most of the coins are facing a bounce back on the market, according to <a href="https://u.today/cardano-ada-price-prediction-for-april-10">CoinStats</a>.
<img data-entity-type="file" data-entity-uuid="55dbc601-fa67-4726-aae0-c04a21978436" src="https://u.today/sites/default/files/inline-images/top10_1050.png">SOL chart by&nbsp;<a href="https://coinstats.app/coins/">CoinStats</a>
<h2 class="text-align-justify" id="sol-usd">SOL/USD</h2>
The price of Solana (SOL) has risen by 4.05% since yesterday.
<img data-entity-type="file" data-entity-uuid="b27b8c02-6fa2-48ea-b50c-b1357e182642" src="https://u.today/sites/default/files/inline-images/sol1_29.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT">TradingView</a>
On the hourly chart, the rate of SOL is growing after a false breakout of the local support level of $170.14. If the daily bar closes near or above the resistance, the upward move may continue to the $180 zone.
<img data-entity-type="file" data-entity-uuid="c9a52bc3-1106-479d-b3fc-1f15a221c935" src="https://u.today/sites/default/files/inline-images/sol2_25.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT">TradingView</a>
On the bigger time frame, traders should pay attention to yesterday's bar peak at $175.5. If the candle closes above it, there is a chance to see a further rise to the $185-$190 area within the next few days.
<img data-entity-type="file" data-entity-uuid="96327f41-6570-40e2-a62c-ba59ba10e8a2" src="https://u.today/sites/default/files/inline-images/sol3_25.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT">TradingView</a>
From the midterm point of view, the rate of SOL is rather more bearish than bullish as it is located closer to the support.
Thus, if buyers lose the interim level of $170, the correction may lead to the test of $150-$160 range. Such a scenario is relevant until the end of the month.
SOL is trading at $173.40 at press time.

Solana (SOL) Price Prediction for April 11

Table of Contents

U_Today

Other articles published on Apr 11, 2024

Marathon’s Green Mining Plan for Bitcoin Halving

South Africa begins issuance of crypto licenses to firms

Is NuggetRush Poised to Outshine WIF and FLOKI? Crypto Insiders Think So

The April Surge: Polkadot & Cardano Investors Align with Raffle Coin for a Presale Promising 50X ...

Solana’s Momentum Slows Down as Users React to Network Congestion

Merlin Chain Unites Community and Enhances Partnerships for a Thriving Bitcoin Future

Join our free newsletter for daily crypto updates!