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