Solana (SOL) Price Prediction for March 24

Sun, 24/03/2024 – 16:06

Cover image via www.tradingview.com

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Some coins are rising at the end of the week, while others have returned to the red zone, according to CoinStats.

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SOL chart by CoinStats

SOL/USD

The rate of Solana (SOL) has almost not changed since yesterday.

Image by TradingView

On the hourly chart, the price of SOL is looking bullish as the price is approaching the resistance level of $177.39. If bulls can hold the gained initiative and the bar closes near that mark, there is a chance of a breakout followed by a move to the $180 zone.

Image by TradingView

A less clear picture is on the daily time frame. Today’s rise has not affected the overall technical situation as the rate is far from the key levels.

In this case, sideways trading in the range of $165-$185 is the more likely scenario for the next days.

Image by TradingView

From the midterm point of view, the rate of SOL has made a false breakout of the recently formed level of $205.20. If the weekly bar closes near $170 or below, traders may witness a further drop to the support at $152.64.

SOL is trading at $176.42 at press time.

SOURCE

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