![Solana (SOL) Price Prediction for July 16](https://u.today/sites/default/files/styles/736x/public/2024-07/50386.jpg)
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Buyers are trying to hold the gained initiative, according to CoinMarketCap.
![Article image](/sites/default/files/inline-images/top10_1238.png)
SOL/USD
The price of Solana (SOL) has increased by 3.51% over the last 24 hours.
![Article image](/sites/default/files/inline-images/sol1_44.png)
On the hourly chart, the rate of SOL is on its way to the local resistance level of $158.67. If the situation does not change by the end of the day, one can expect a breakout, followed by a move to $160.
![Article image](/sites/default/files/inline-images/sol2_40.png)
On the daily time frame, one should pay attention to yesterday's bar's peak. If the candle closes near the $160 zone, the upward move may continue to the $170 zone.
Such a scenario is relevant until the end of the week.
![Article image](/sites/default/files/inline-images/sol3_40.png)
From the midterm point of view, traders should pay attention to the bar's closure. If it happens near $160 and above, the accumulated energy might be enough to test the $180 area until the end of the month.
SOL is trading at $157.27 at press time.