Solana (SOL) Price Prediction for May 26.

SOL/USD.

The rate of Solana (SOL) has declined by

1.61% since yesterday. Over the last week,

the price has fallen by 2.47%.

On the hourly chart, the price of SOL is in the middle of the narrow channel between the support of $162.23 and the resistance of $166.94.

As most of the daily ATR has been passed, any sharp moves are unlikely to happen by the end of the day.

On the bigger time frame, the rate has made a false breakout of the support of $162.50. If a bounce back does not happen, there is a chance of a more profound decline to $160 and below.

From the midterm point of view, the weekly bar is about to close bearish. In this case, traders are likely to see a test of the $150-$160 range next week.

SOL is trading at $164.11 at press time.