Solana (SOL) Price Prediction for February 29

by Marco Stracke

Plenty of the cryptocurrencies preserve surroundings novel native peaks, in keeping with CoinStats.

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SOL/USD

Solana (SOL) is one in every of the supreme gainers on the present time, rocketing by 17.65%.

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On the hourly chart, the value of Solana (SOL) has residing a native resistance level of $134.14. For the time being, one ought to soundless hearken to the each day bar closure.

If it occurs removed from that label, there might perchance be an different to investigate cross-test a correction to the $125 zone.

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On the each day timeframe, there are no reversal signals but. Till the bound is above the $120 zone, bulls remain more essential than bears. On this case, there might perchance be a risk to investigate cross-test a take a look at of the $140-$150 residing soon.

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A same situation shall be viewed on the weekly chart. If the bar closes round the novel prices, the upward switch might perchance well lead to the take a look at of $160 next month.

SOL is trading at $131.92 at press time.

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