Solana

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There is no one-way trend on the market as the prices of some coins are falling while others are going up, according to <a href="https://u.today/bitcoin-btc-price-prediction-for-july-11" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="3031e216-00ee-4a40-9032-3243d7ff14c4" src="https://u.today/sites/default/files/inline-images/top10_1232.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 price of Solana (SOL) has dropped by 4.73% over the last day. <img data-entity-type="file" data-entity-uuid="278b33df-d0a9-4890-8b71-7b40cfa5aa32" src="https://u.today/sites/default/files/inline-images/sol1_45.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 closer to the support, which means that bears remain in control of the market.&nbsp;
If buyers cannot seize the initiative soon, traders may witness an ongoing decline to $130. <img data-entity-type="file" data-entity-uuid="b77aba66-f518-4569-9be5-40dacb2b5c5e" src="https://u.today/sites/default/files/inline-images/sol2_39.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
None of the sides is dominating on the daily time frame. If the candle closes around the current prices, the consolidation in the narrow range of $135-$140 is the most likely scenario. <img data-entity-type="file" data-entity-uuid="aab42106-cf84-4668-ac03-cefba7bb6b27" src="https://u.today/sites/default/files/inline-images/sol3_39.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the mid-term point of view, one should focus on the weekly bar closure. If it happens near the $120 mark, the accumulated energy might be enough for a breakout, followed by a blast to $100.
SOL is trading at $135.82 at press time.

Solana (SOL) Price Prediction for July 12

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