The post Solana (SOL) Price Analysis for December 19 appeared on BitcoinEthereumNews.com. The market is mainly red on the last working day of the week, accordingThe post Solana (SOL) Price Analysis for December 19 appeared on BitcoinEthereumNews.com. The market is mainly red on the last working day of the week, according

Solana (SOL) Price Analysis for December 19

The market is mainly red on the last working day of the week, according to CoinMarketCap.

Top coins by CoinMarketCap

SOL/USD

The rate of Solana (SOL) has risen by almost 1% over the last 24 hours.

Image by TradingView

On the hourly chart, the price of SOL is near the local resistance of $126.18. As most of the daily ATR has passed, there are low chances of seeing sharp moves by tomorrow. However, if bulls can hold the gained initiative, traders can expect a test of the $130 zone soon.

Image by TradingView

On the longer time frame, the rate of SOL is far from key levels. Even if the candle closes around the current prices or above them, buyers might need more time to accumulate energy for a further move.

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In this case, sideways trading in the zone of $120-$128 is the most likely scenario.

Image by TradingView

From the midterm point of view, the situation is similar. The volume is going down, which means neither buyers nor sellers are ready ro seize the initiative. All in all, traders are unlikely to see increased volatility soon.

SOL is trading at $126 at press time.

Source: https://u.today/solana-sol-price-analysis-for-december-19

Market Opportunity
Solana Logo
Solana Price(SOL)
$126.42
$126.42$126.42
+1.07%
USD
Solana (SOL) Live Price Chart
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