Price predictions for Solana （SOL） and Toncoin （TON） based on recent trends and technical analysis, highlighting key support and resistance levels.
Points
- SOL has fallen by 6.36%.
- SOL testing support range of $170-$175.
- TON down by 2%, trading sideways.
- TON’s potential recovery within $6.60-$6.80 range.
SOL/USD Price Analysis
Solana （SOL） is one of the biggest losers today, falling by 6.36%. On the daily chart, SOL’s rate is declining after a false breakout of the resistance level at $188.89. If buyers cannot seize the initiative, a test of the $170-$175 range can be expected by the end of the week.
Image by TradingView
SOL is trading at $181.15 at press time.
TON/USD Price Analysis
Toncoin （TON） is also down by 2%. From a technical point of view, TON is not looking as bearish as SOL. However, it has not accumulated enough effort to grow. In this case, sideways trading in the area of $6.60-$6.80 is the more likely scenario.
Image by TradingView
TON is trading at $6.651 at press time.
解説
- SOL’s Support and Resistance: Key levels to watch for SOL are $188.89 for resistance and $170-$175 for support.
- TON’s Trading Range: For TON, the critical range is $6.60-$6.80, with sideways trading expected.
- Market Sentiment: Both SOL and TON are currently under bearish pressure, but TON shows potential for stabilization within its trading range.
- Technical Indicators: Analyzing support and resistance levels, alongside trading volume and price trends, helps in predicting potential price movements for SOL and TON.