Solana (SOL) Price Prediction for May 17
The Solana price today is trading around $173, recovering from a recent dip below $170 after a sharp breakout earlier this week. A textbook cup-and-handle formation played out on the 4-hour chart, triggering a rally from $145 to above $180. However, since touching a local high near $184, the asset has seen heightened Solana price volatility, with bulls struggling to reclaim control amid minor intraday pullbacks.
This price behavior signals that while the broader trend remains bullish, short-term traders are locking in profits near key resistance zones.
Solana Price: Cup-and-Handle Breakout Followed by Channel Retest
On the 4-hour chart, SOL confirmed a bullish breakout from the cup-and-handle pattern, with the handle forming a descending channel that resolved upward. This breakout surged the Solana price above $180, but was met with supply pressure near previous daily highs. Price is now consolidating above the channel’s upper boundary, which has flipped to support around $167–$170.
The daily chart also shows SOL retest…
The post Solana (SOL) Price Prediction for May 17 appeared first on Coin Edition.
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Solana (SOL) Price Prediction for May 17
The Solana price today is trading around $173, recovering from a recent dip below $170 after a sharp breakout earlier this week. A textbook cup-and-handle formation played out on the 4-hour chart, triggering a rally from $145 to above $180. However, since touching a local high near $184, the asset has seen heightened Solana price volatility, with bulls struggling to reclaim control amid minor intraday pullbacks.
This price behavior signals that while the broader trend remains bullish, short-term traders are locking in profits near key resistance zones.
Solana Price: Cup-and-Handle Breakout Followed by Channel Retest
On the 4-hour chart, SOL confirmed a bullish breakout from the cup-and-handle pattern, with the handle forming a descending channel that resolved upward. This breakout surged the Solana price above $180, but was met with supply pressure near previous daily highs. Price is now consolidating above the channel’s upper boundary, which has flipped to support around $167–$170.
The daily chart also shows SOL retest…
The post Solana (SOL) Price Prediction for May 17 appeared first on Coin Edition.
Read More
Solana (SOL) Price Prediction for June 11, 2025: SOL Reclaims $158 But Faces Heavy Resistance at $161