Solana (SOL) Price Prediction for March 31

Sun, 31/03/2024 – 16:01

Cover image via www.tradingview.com

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The prices of most coins are rising today, however, there are some exceptions, according to CoinStats.

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SOL chart by CoinStats

SOL/USD

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

Image by TradingView

On the hourly chart, the rate of SOL is looking bullish as the price is trying to break the resistance of $197.31. If buyers can hold the gained initiative, the upward move may lead to a test of the $200 area tomorrow.

Image by TradingView

On the bigger time frame, the price is far from the key levels, which means that buyers need more time to accumulate energy for a further move.

In this case, sideways trading in the range of $195-$205 is the more likely scenario for next week.

Image by TradingView

From the midterm point of view, the rate is returning to the resistance of $205.20. If the weekly bar closes around the current prices, traders may witness a breakout followed by a move to the $220-$240 zone soon.

SOL is trading at $197.17 at press time.

SOURCE

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