Solana

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Bears keep controlling the situation on the last day of the week, according to <a href="https://u.today/shib-price-prediction-for-may-25" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="bbdfc954-5f27-476d-8722-be786fe3431a" src="https://u.today/sites/default/files/inline-images/top10_1138.png">Top coins by <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
<h2 class="text-align-justify" id="sol-usd">SOL/USD</h2>
The rate of Solana (SOL) has declined by 1.61% since yesterday. Over the last week, the price has fallen by 2.47%. <img data-entity-type="file" data-entity-uuid="8eb9fa62-664f-42a7-95b2-c59f2d273018" src="https://u.today/sites/default/files/inline-images/sol1_37.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of SOL is in the middle of the narrow channel between the support of $162.23 and the resistance of $166.94.
As most of the daily ATR has been passed, any sharp moves are unlikely to happen by the end of the day. <img data-entity-type="file" data-entity-uuid="54f241c9-0307-451b-8cdf-e0fa87866e47" src="https://u.today/sites/default/files/inline-images/sol2_32.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the rate has made a false breakout of the support of $162.50. If a bounce back does not happen, there is a chance of a more profound decline to $160 and below. <img data-entity-type="file" data-entity-uuid="242c9d88-74ca-4f18-ad0a-9d75e54a9bdd" src="https://u.today/sites/default/files/inline-images/sol3_32.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the weekly bar is about to close bearish. In this case, traders are likely to see a test of the $150-$160 range next week.
SOL is trading at $164.11 at press time.

Solana (SOL) Price Prediction for May 26

Table of Contents

U_Today

Other articles published on May 26, 2024

From IT Pro to Litecoin Miner: BlockDAG’s Advanced ASIC Crypto Miners Target Comparable Success

Polygon Addresses Boost Token Holdings

BlockDAG’s Picadilly Stunt Pushes Batch Price To $0.009 Outperforming Solana’s Price Jump & ICP’s...

The Rise of MoonBag Crypto Presale Sees Decline of Cosmos and Ripple

Ethereum ETF approval helps ONDO soar to $1.33 ATH: $2 next?

Bitcoin and Uniswap Show Potential for New Positions

Join our free newsletter for daily crypto updates!