Solana (SOL) Price Analysis for September 2

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The prices of most of the coins are falling on the first day of the weekend, according to CoinStats.

Top coins by CoinStats


The price of Solana (SOL) has declined by almost 1% since yesterday.

Image by TradingView

On the local chart, the price of Solana (SOL) has made a false breakout of the support at $19.41. If the daily bar closes far from it, one can expect a bounce back to the resistance at $19.66 tomorrow.

Image by TradingView

On the daily chart, the price of SOL is more bearish than bullish as it is approaching the support at $18.87. If a breakout of $19 happens, one can expect a blast to the $18-$18.50 zone as enough energy has been accumulated for such a move.

Image by TradingView

On the bigger time frame, the rate is testing the previous candle low at $19.35. If the bar closes near it or even below, the correction may continue to the next support zone around $18.

Such a scenario is relevant until mid-September.

SOL is trading at $19.44 at press time.

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