Solana (SOL) Price Prediction for September 17

The market is mainly rising today, however, there are some exceptions to the rule, according to CoinMarketCap.

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SOL/USD

The rate of Solana (SOL) is almost unchanged since yesterday.

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On the hourly chart, the price of SOL is going down after a false breakout of the local resistance of $237.85. If the decline continues, one can expect a test of the support by the end of the day.

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On the longer time frame, the rate of SOL is far from key levels. Thus, the volume is falling, which means none of the sides is ready to seize the initiative. 

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In this case, sideways trading in the narrow range of $230-$240 is the most likely scenario.

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From the midterm point of view, the price has once again failed to fix above the $244.70 level. Until it happens, traders may expect a correction to the $220-$230 zone.

SOL is trading at $236 at press time.

Source: https://u.today/solana-sol-price-prediction-for-september-17