banner image

Category: Crypto News, News

Solana (SOL) Price Prediction for June 5

By Published On: June 5, 20241.2 min readViews: 1780 Comments on Solana (SOL) Price Prediction for June 5


Read U.TODAY on

Google News

Buyers are not going to give up so easily, according to CoinMarketCap.

Top coins by CoinMarketCap

SOL/USD

The price of Solana (SOL) has risen by almost 4% over the last day.

Image by TradingView
On the hourly chart, the rate of SOL is testing the local support level of $172.31. If it breaks out, bears may return to the game, followed by a test of the $170 zone.

Image by TradingView
On the daily time frame, the price of SOL has made a false breakout of the interim level of $173.93. At the moment, one should pay attention to the bar’s closure. 

If it happens far from that mark, there is a chance to see a correction to $170. 

Image by TradingView
From the midterm point of view, it is too early to make any distant predictions. However, If buyers can hold the gained initiative and the candle closes near $176, the upward move may continue to the next resistance at $184.68.

SOL is trading at $173.28 at press time.

About the author

Source link


Discover more from BIPNs

Subscribe to get the latest posts sent to your email.

banner image

Written by : Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.

Share this article:

Share your opinion. And leave a reply within the comments from below.


Discover more from BIPNs

Subscribe to get the latest posts sent to your email.