Solana

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Some coins are returning to the green zone, according to <a href="https://u.today/toncoin-ton-price-prediction-for-may-30" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="58e92be7-29fa-4bdc-8079-f61753f2752e" src="https://u.today/sites/default/files/inline-images/top10_1149.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 2.15% since yesterday. <img data-entity-type="file" data-entity-uuid="d21d3849-cbd1-499b-8da2-a2f32d77e9f5" src="https://u.today/sites/default/files/inline-images/sol1_38.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 rising after a false breakout of the local support level of $165.52. If the growth continues to the resistance, there is a possibility to see a further rise to the $170 zone. <img data-entity-type="file" data-entity-uuid="b18716ba-f53c-4013-bcf6-01430b6245d4" src="https://u.today/sites/default/files/inline-images/sol2_33.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, the price is in the middle of the channel, which means none of the sides is ready for a sharp move. In addition, the volume keeps falling.&nbsp;
In this case, ongoing sideways trading in the area of $165-$170 is the more likely scenario until the end of the week. <img data-entity-type="file" data-entity-uuid="774e7660-11c8-4bb7-925e-3667bf112cf6" src="https://u.today/sites/default/files/inline-images/sol3_33.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, one should pay attention to the support level of $160. If the sellers' pressure continues and the bar closes near the mentioned mark, traders may witness a test of $150.
SOL is trading at $166.79 at press time.

Solana (SOL) Price Prediction for May 31

Table of Contents

U_Today

Další články publikované 31. 5. 2024

Trump Convicted: Can Crypto Bail Him Out?

BlockDAG Captures $37M in Presale, Distracting Investors from MATIC and Polkadot Price Surge

Cardano: Can rising DEX activity rescue ADA from price declines?

JASMY Price Pumped by Over 20% in Last 24 Hours Following Apple Collaboration via Japan’s My Numb...

Spot Ethereum ETF Issuers Have Deadline Until Friday to Update S-1 Forms

Loom Network Simplifies Blockchain Development for Developers

Join our free newsletter for daily crypto updates!