Solana (SOL) Price Prediction for July 24

Bears are not going to give up so easily, according to CoinMarketCap.

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Top coins by CoinMarketCap

SOL/USD

Solana (SOL) is one of the biggest losers today, falling by 3.06%.

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On the hourly chart, the rate of SOL has made a false breakout of the local support of $179.87. As most of the ATR has been passed, there are low chances of seeing sharp moves by tomorrow. 

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In addition, the volume has also gone down, confirming the absence of buyers and sellers’ strength.

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On the longer time frame, the situation is similar. The price of the altcoin is far from key levels. In this case, sideways trading in the narrow range of $180-$190 is the most likely scenario.

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From the midterm point of view, one should focus on the weekly candle’s closure. If it happens with a long wick, sellers may seize the initiative, which may lead to a drop to the $170 mark.

SOL is trading at $185.97 at press time.

Source: https://u.today/solana-sol-price-prediction-for-july-24