### Solana (SOL) Price Prediction for June 5
#### SOL/USD Analysis
- **Recent Performance**: The price of Solana (SOL) has increased by almost 4% in the past 24 hours.
- **Hourly Chart**: Currently, SOL is testing the local support level at $172.31. If this support is breached, a decline to the $170 zone may follow as bears re-enter the market.
- **Daily Chart**: There was a false breakout at the interim level of $173.93. It's important to monitor the bar's closure for the day. If the price closes significantly away from this level, a correction down to $170 could occur.
- **Midterm Outlook**: Long-term predictions are premature at this stage. However, if buyers maintain their momentum and the candle closes around $176, the price could continue to rise towards the next resistance level at $184.68.
At the time of writing, SOL is trading at $173.06.
