Solana

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Sellers keep pushing coins to new local lows, according to <a href="https://u.today/ada-and-bnb-prediction-for-august-26" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="01dff9ee-220e-41f4-a5af-b5e0527f9d7f" src="https://u.today/sites/default/files/inline-images/top10_1322.png">SOL chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 id="sol-usd">SOL/USD</h2>
The price of Solana (SOL) has declined by 3.19% since yesterday. <img data-entity-type="file" data-entity-uuid="b1a935da-85ba-464b-81da-f613c0c77bf4" src="https://u.today/sites/default/files/inline-images/sol1_51.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 might have found a local support level of $153.33. If the daily candle closes far from it, there is a chance to see a bounce back to the $158-$160 zone by tomorrow. <img data-entity-type="file" data-entity-uuid="221828dc-9ceb-4338-acb5-23d358848569" src="https://u.today/sites/default/files/inline-images/sol2_46.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the picture is less clear. If the daily bar closes far from its low, a further drop can be posponed. In this case, sideways trading in the range around $160 is the more likely scenario. <img data-entity-type="file" data-entity-uuid="4464416c-8160-439a-a6fc-ea9758c9e9fa" src="https://u.today/sites/default/files/inline-images/sol3_45.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 in the middle of a wide channel, between the support of $116 and the resistance of $188.89.&nbsp;
As none of the sides is dominating, one can expect ongoing consolidation in the area of $140-$160.
SOL is trading at $155.79 at press time.

Solana (SOL) Prediction for August 27

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