Category: Crypto News, News

Solana (SOL) Price Prediction for June 18

By │Published On: June 18, 2024│1.2 min read│Views: 165│0 Comments on Solana (SOL) Price Prediction for June 18│


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The market keeps setting a new local low, according to CoinMarketCap.

Top coins by CoinMarketCap

SOL/USD

The rate of Solana (SOL) has fallen by 6.60% over the last 24 hours.

Image by TradingView
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.

Image by TradingView
On the bigger time frame, there are no reversal signals yet. However, one should pay attention to the daily candle’s closure. 

If it happens far from its low, traders may expect sideways trading in the zone of $135-$145 until the end of the week.

Image by TradingView

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.

About the author


Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.

Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

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