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Buyers are not going to give up, according to <a href="https://u.today/cardano-ada-price-prediction-for-november-11" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img src="https://u.today/sites/default/files/inline-images/top10_1525.png" data-entity-uuid="10b3ce7f-046b-47ec-9689-0702a95a499b" data-entity-type="file" data-caption="Top coins by<a href=&quot;https://coinmarketcap.com/&quot;> CoinMarketCap</a>">
<h2 class="text-align-justify" id="sol-usd">SOL/USD</h2>
The rate of Solana (SOL) has risen by 3.23% over the last 24 hours. <img src="https://u.today/sites/default/files/inline-images/sol1_58.png" data-entity-uuid="4d29f1ce-ea65-48f9-a8ef-c12496bd47f5" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/SOLUSDT&quot;>TradingView</a>">
Despite today's growth, the price of SOL is going down after a false breakout of the local resistance level of $232.98. If the daily bar closes far from that mark, bears might seize the initiative, which may lead to a drop to the support level soon. <img src="https://u.today/sites/default/files/inline-images/%D1%96%D1%89%D0%B42_0.png" data-entity-uuid="e96c55a8-e848-4f1c-a373-d784c8097c4e" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/SOLUSDT&quot;>TradingView</a>">
On the larger time frame, the rate of SOL is in the middle of a wide channel. The volume remains low, which means neither buyers nor sellers are ready for a sharp move.
In this case, sideways trading around the current prices is the more likely scenario. <img src="https://u.today/sites/default/files/inline-images/sol3_53.png" data-entity-uuid="7498ed3c-96cb-46dd-bc58-0b64357077a6" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/SOLUSDT&quot;>TradingView</a>">
From the midterm point of view, the price is far from main levels. Bulls may start thinking about an ongoing growth only when they return the rate to at least the $260 zone.
SOL is trading at $232.54 at press time. <a href="https://u.today/solana-sol-price-prediction-for-december-12" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Solana (SOL) Price Prediction for December 12

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