What Is the Future of Solana (SOL) Price?

Solana’s (SOL) price hit a new yearly high of $26.00 on April 16 but was rejected by its range high and subsequently fell. This created a bearish candlestick on the daily timeframe, and the short-term six-hour chart also shows signs of an impending correction. However, the daily Relative Strength Index (RSI) is still increasing and above 50, suggesting bullish momentum. The closest support area is at $20.50, while the next long-term resistance is at $36.50. The Solana price prediction is a fall towards the $22.70 support area followed by an upward movement towards $26 with a six-hour close below $22.70 signifying a deeper correction. As this article is for informational purposes only, investors are advised to conduct their own research and consult with professionals before making any financial decisions.