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Solana (SOL) Price Prediction for May 15

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Wed, 15/05/2024 - 14:40
Solana (SOL) Price Prediction for May 15
Cover image via U.Today

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Bulls are trying to return to the game, according to CoinStats.

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SOL chart by CoinStats

SOL/USD

The price of Solana (SOL) has increased by 1.07% since yesterday.

Image by TradingView

On the hourly chart, the rate of SOL might have set a local resistance level of $149.9. If buyers can hold the gained initiative and the bar closes near that mark, there is a chance to see an ongoing rise to the $152-$154 range tomorrow.

Image by TradingView

Bulls are also powerful on the bigger time frame. If the candle closes near the vital zone of $150, the upward move may lead to the test of the resistance of $158.5 soon.

Image by TradingView

From the midterm point of view, it is too early to think about a reversal as SOL has not accumulated enough energy yet.

Related

Only if the rate gets back to $160 and fixes above it is there a chance to see a test of $180.

SOL is trading at $148.98 at press time.

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