Should we expect Solana to fall between $166 and $1,000 by June?
With $2.19 billion traded over the past 24 hours, Solana (SOL) price fell 0.53% to $172.84. Among all cryptocurrencies, Solana has the fifth-highest market valuation at $77.59 billion, with 448.92 million SOL coins in circulation.
With any luck, Solana (SOL) will be able to maintain its recent gains above $170 and even reach $1,000 by June, according to this price forecast.
Solana price prediction
The pivot point around $171.79 is very important for Solana's price behavior in the near term, as seen on the 4-hours chart. At $176.66, there is immediate opposition; After that, at $183.26 and $188.53, there is more resistance.
Subsequent support levels on the downside are $156.75 and $151.08, with $165.72 acting as an immediate support level. With an RSI of 73, we can see that the market is in the overbought zone
With the 50-day EMA at $155.79, the overall uptrend is well supported
Although the current uptrend has the support of a bullish channel, resistance is starting to show itself around the $175 level. There may be an obstacle to further price advance once the trend line passes through this level