Solana

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The long-term drop might have ended, according to <a href="https://u.today/btc-eth-and-xrp-prediction-for-august-5" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="5a3d9aac-4bd9-4a12-aeac-8af482fbda2a" src="https://u.today/sites/default/files/inline-images/top10_1280.png">SOL chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="sol-usd">SOL/USD</h2>
The price of Solana (SOL) has risen by 10.18% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="bfdcc722-3aff-4bb9-ae61-dd80c43b7b62" src="https://u.today/sites/default/files/inline-images/sol1_48.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of SOL is near the resistance of $146.36. If a breakout happens, the rise is likely to lead to a test of the $150 zone soon. <img data-entity-type="file" data-entity-uuid="5f056052-78d5-402f-ab84-42563fd63c45" src="https://u.today/sites/default/files/inline-images/sol2_43.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, traders should focus on the daily candle closure in terms of the level of $146.08. If buyers can hold the initiative, the growth may continue to the $150-$160 range by the end of the week. <img data-entity-type="file" data-entity-uuid="82dcdd70-b190-4173-91d0-9622ce5c4c83" src="https://u.today/sites/default/files/inline-images/sol3_44.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly chart, the rate of SOL has made a false breakout of the $116 level. However, bulls do not have enough energy for a reversal yet.
In this regard, consolidation in the area of $140-$160 is the more likely scenario.
SOL is trading at $145.02 at press time.

Solana (SOL) Prediction for August 6

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