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Solana (SOL) Price Prediction for December 27
The price of Solana (SOL), currently trading at $184.75, has been under pressure recently. The bears have taken control, and the coin is testing the support level of $185.58. If this local support fails to hold, it’s likely that the decline will continue towards the $180 area soon.
On a bigger time frame, traders should pay attention to the candle closure in relation to yesterday’s low. If it happens, there may be a test of the $175.26 level within the next few days.
The weekly chart paints a more bearish picture than its bullish counterpart. If the price reaches the nearest support at $175.26, there is a chance that it could break out and then see a further correction to the $160 area.
It’s essential for traders to monitor these levels closely as they can serve as potential turning points in the market.
Source: u.today
