Solana (SOL) Price Prediction for December 27

Solana (SOL) Price Prediction for December 27
Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The market remains mainly red, however, there are some exceptions to the rule, according to CoinStats.

Article image
SOL chart by CoinStats

SOL/USD

The rate of Solana (SOL) has declined by 1.8% since yesterday.

Article image
Image by TradingView

On the hourly chart, the price of SOL is breaking the local support of $185.58. If the daily candle closes below that mark, the decline is likely to continue to the $180 area soon.

Article image
Image by TradingView

On the bigger time frame, one should pay attention to the candle closure in terms of yesterday’s low. 

Related

DOGE Price Prediction for December 26

If it happens, traders may witness a test of the $175.26 level within the next few days.

Article image
Image by TradingView

On the weekly chart, the picture is more bearish than bullish. If the price reaches the nearest support level of $175.26, there is a chance to see its breakout, followed by a further correction to the $160 area.

SOL is trading at $184.75 at press time.

Source: https://u.today/solana-sol-price-prediction-for-december-27

Related Content

Kyrgyzstan Crypto Mining Faces 50% Drop in Tax Revenue In 2024

Doge News & PEPE Price Outlook Trend While Lightchain AI (LCAI) Steals the Spotlight with 500X Promise

Cineflicks to Launch First-Ever Watch-To-Earn Streaming Platform With Rewards for Viewers

Leave a Comment