Solana (SOL) Price Prediction for October 4
2024-10-04

The market keeps trading in the green zone, according to CoinStats.SOL chart by CoinStats
SOLUSD
The price of Solana SOLUSD has increased by 4.09% since yesterday.Image by TradingView
On the hourly chart, traders should pay attention to the daily bar's closure in terms of the $141.03 level. If it happens above it, the upward move is likely to continue to the $145 mark tomorrow.Image by TradingView
On the bigger time frame, buyers are trying to come back to the game after yesterday's bearish closure. 
If they manage to do that and the candle closes in the zone of $144 or above, there is a chance to see a test of the $150 area soon.Image by TradingView
From the midterm point of view, the picture is less positive. The rate of SOL is far from the resistance of $162, which means it is too early to think about a fast reversal. If sellers' pressure continues and the price reaches the $130 mark, the energy might be enough for a move to the support level of $116.
SOL is trading at $142 at press time.