Solana (SOL) Price Prediction for May 19
According to CoinStats, the prices of most coins are experiencing a decline once again, including Solana (SOL). Over the last day, the price of SOL has dropped by 2.52%. It has also broken below the local support level of $171.62, indicating that sellers currently have more control than buyers. As a result, it is likely that there will be a continuation of the correction towards the $165 zone.
Looking at the daily chart, SOL has been unable to sustain a level above $175.98. If buyers fail to take control by the end of the day and the price closes near its low, there is a potential for a test of the $160-$165 area in the coming week.
From a midterm perspective, as long as the price remains above $160, buyers still have a chance to push for an upward move. However, it may require more time for SOL to accumulate enough momentum. Overall, it is anticipated that SOL will trade sideways between $160 and $180 until the end of the month.
Currently, SOL is trading at $169.