Solana
Solana (SOL) Price Prediction for June 13
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Some coins are rebounding, however, others continue to trade in the red zone, according to CoinMarketCap.
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SOL/USD
The Solana (SOL) rate fell by 1.30% in the last 24 hours.
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SOL price continues to look bearish on the hourly chart. If the decline continues, there is a high chance of seeing a breakout of support, followed by a fall towards the $148-149 area.
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The bulls failed to maintain yesterday’s rise. If the daily candle closes near $145, a test of the $140 zone can be expected. Such a scenario is relevant until the end of the week.
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In the medium term, there are no reversal signals yet. Currently, traders should pay attention to the $140 area.
If the weekly bar closes below, the correction could lead to a test of the $120-$130 zone until the end of the month.
SOL is trading at $149.30 at press time.
About the Author
Denys Serhiichuk
With over 5 years of experience in trading, Denys has in-depth knowledge of technical and fundamental market analysis. He mainly started his blog on TradingView, where he posts all the relevant information and makes predictions about major coins.
Thus, his experience is enhanced by his work in leading blockchain-related companies such as W12, Platinum Listing, ATB Coin and others, which can be contacted at denys.serhiichuk@u.today.