Solana (SOL) Prediction for August 14

Sellers are keeping their pressure, however, there are some exceptions, according to CoinMarketCap.

SOL/USD

The rate of Solana (SOL) has dropped by 0.39% over the last 24 hours.

On the hourly chart, the price of SOL is in the middle of the local channel. As most of the daily ATR has been passed, there are low chances to expect any sharp moves until the end of the day.

On the bigger time frame, neither bulls nor bears are dominating. This is also confirmed by the declining volume. In this case, ongoing sideways trading in the range of $140-$160 is the more likely scenario until the end of the week.

On the weekly chart, the picture is quite similar. The rate of SOL is far from key levels, which means traders are unlikely to expect ups or downs soon.

All in all, one might witness consolidation in the wide range of $130-$170.

SOL is trading at $146.69 at press time.

Source