Solana (SOL) price prediction for October 8th

The growth didn’t last long as most coins are back in the red, according to CoinMarketCap.

SOL/USD

Solana (SOL) price has fallen by 5.12% in the last 24 hours.

On the hourly chart, SOL price breaks the local support level of $142.73. If this happens and the daily bar closes below it, the decline is likely to extend to the $141 area shortly.

Even on a larger time frame, the situation is more pessimistic than bullish. If buyers lose the intermediate level of $142, the accumulated energy could be enough for a test of the $140 zone.

Related

Such a scenario is relevant until the end of the week.

From a medium-term perspective, there are still no reversal signals. If the weekly candle closes near current prices, traders could see a sustained decline into the $130-$135 range.

At press time, SOL is trading at $143.48.