Solana

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The market keeps setting a new local low, according to <a href="https://u.today/btc-eth-and-xrp-price-prediction-for-june-17" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="976cfe3c-65a7-4f40-812f-cbdbdfe59c56" src="https://u.today/sites/default/files/inline-images/top10_1186.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 id="sol-usd">SOL/USD</h2>
The rate of Solana (SOL) has fallen by 6.60% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="ed8d7da6-2a0c-4083-9753-edbaf54526b4" src="https://u.today/sites/default/files/inline-images/sol1_41.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 might have found a local support level of $132.90. If the daily bar closes far from it, the bounce back may continue to the $140 zone. <img data-entity-type="file" data-entity-uuid="d0e6c927-f033-4eee-8cda-68c83a5d24b7" src="https://u.today/sites/default/files/inline-images/sol2_36.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, there are no reversal signals yet. However, one should pay attention to the daily candle's closure.&nbsp;
If it happens far from its low, traders may expect sideways trading in the zone of $135-$145 until the end of the week. <img data-entity-type="file" data-entity-uuid="a320cc2a-1a29-46ec-a189-43f897781295" src="https://u.today/sites/default/files/inline-images/sol3_36.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 price of SOL is far from the support and resistance levels. However, if the decline continues to the $120 zone, the accumulated energy might be enough for a breakout, followed by a move to the $100-$110 area.
SOL is trading at $137.27 at press time.

Solana (SOL) Price Prediction for June 18

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