Solana (SOL) Price Prediction for June 5.

SOL/USD.

The price of Solana (SOL) has risen by almost 4% over the last day.

On the hourly chart, the rate of SOL is testing the local support level of $172.31. If it breaks out, bears may return to the game, followed by a test of the $170 zone.

On the daily time frame, the price of SOL has made a false breakout of the interim level of $173.93. At the moment, one should pay attention to the bar's closure.

If it happens far from that mark, there is a chance to see a correction to $170.

From the midterm point of view, it is too early to make any distant predictions. However, If buyers can hold the gained initiative and the candle closes near $176, the upward move may continue to the next resistance at $184.68.

SOL is trading at $173.06 at press time.