Solana

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The correction of most of the coins continues, according to <a href="https://u.today/doge-prediction-for-july-31" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="64009da0-e095-4aca-b6a2-8ed321366df3" src="https://u.today/sites/default/files/inline-images/top10_1269.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="sol-usd">SOL/USD</h2>
Solana (SOL) is one of the biggest losers today, falling by 7.2%. <img data-entity-type="file" data-entity-uuid="8bdb0e73-b7a6-413c-9583-1d6c48090413" src="https://u.today/sites/default/files/inline-images/sol1_47.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of SOL is coming back to the local support level of $166. If the daily bar closes around that mark, there is a chance to expect a breakout, followed by a move to the $164 zone. <img data-entity-type="file" data-entity-uuid="913d88e2-62f0-4267-bff0-b03ae4bfd572" src="https://u.today/sites/default/files/inline-images/sol2_42.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, traders should pay attention to the daily bar closure in terms of the nearest level of $165.42.&nbsp;
If the sellers' pressure continues, the accumulated energy might be enough for an ongoing decline to the $160 range. <img data-entity-type="file" data-entity-uuid="d1acb3be-3375-44cb-9afb-69f6f1091058" src="https://u.today/sites/default/files/inline-images/sol3_42.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the picture is quite similar. If the weekly candle closes below the $165 mark, there is a high possibility to see a test of the $160 area until mid-August.
SOL is trading at $167.42 at press time.

Solana (SOL) Prediction for August 1

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