Solana Price Prediction: SOL Plunges 5% In A Week As This New Layer-2 ICO Races Towards $22 Million
The Solana price plunged over 5% in the last week and 3% in the past 24 hours to trade at $187.25 as of 9:57 p.m. EST as investors keep decreasing their exposure to the altcoin. The SOL price has been in a negative trend over the past month. During this longer-term period, bears have pushed the crypto’s value down more than 15%. Solana Price Stuck In A Sideways Channel 4-hour chart for SOL/USD (Source: GeckoTerminal) The Solana price has been in a consolidation channel between $185.97 and $201.27 over the last few days, GeckoTerminal data shows. This period of sideways trading could be the precursor to a big move. Should the Solana brice break up towards the upside, SOL might first try to flip the resistance level at $201.27 into support. Thereafter, continued pressure from buyers could lead to a climb to as high as $220.20 in the short term. On the other hand, a bearish scenario might see the Solana price retesting the $185.97 support. A drop below this technical crutch ...