Solana
Solana (SOL) Price Prediction for June 5
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Buyers won’t give up so easily, says CoinMarketCap.
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SOL/USD
Solana (SOL) price increased by almost 4% over the past day.
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On the hourly chart, SOL rate is testing the local support level of $172.31. If this breaks out, bears could get back in the game, followed by a test of the $170 zone.
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On the daily time frame, SOL price made a false breakout of the mid-level of $173.93. For the moment, you have to be careful when the bar closes.
If this occurs away from this mark, there is a chance of seeing a correction to $170.
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In the medium term, it is too early to make distant forecasts. However, if buyers manage to maintain the initiative gained and the candle closes near $176, the upward movement could continue until the next resistance at $184.68.
SOL is trading at $173.28 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.