Solana (SOL) Price Prediction for March 5

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Written By Maya Cantina

Tue, 5/03/2024 – 15:30

Cover image via www.tradingview.com

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Bulls keep controlling the situation on the market, according to CoinMarketCap.

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SOL/USD

Unlike other coins, the price of Solana (SOL) has reduced by 0.24% over the last 24 hours.

Image by TradingView

On the hourly chart, one should pay attention to the local resistance level of $133.03. If the daily bar closes near that mark, the midterm growth may continue to $135.

Image by TradingView

Buyers are also more powerful than sellers on the bigger time frame. Here traders should focus on the recently formed level of $134.65. 

If its breakout happens, the upward move may lead to the test of the $140 zone soon.

Image by TradingView

A less positive picture can be seen on the daily chart against BTC. At the moment, the rate is near the support of 0.001853. If buyers cannot seize the initiative shortly, the accumulated energy might be enough for a blast to the 0.0018 area.

SOL is trading at $132.39 at press time.

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