Solana Price Prediction for May 6: Sideways Trading Expected

While Solana (SOL) experienced a slight dip yesterday, with a decline of 1.11% as per CoinStats, analysts are hesitant about the current market trend. The hourly chart indicates potential support at $141.41 but further analysis suggests that if the daily candle closes significantly away from this level, it could signal continued growth to resistance. However, on a broader time frame, buyers have failed to sustain the upward movement following the previous bullish momentum. 📈 If the current price close aligns with the present value, the accumulated energy might lead to a drop towards the $140 area. 📊 Looking ahead, the picture remains neutral. Declining volume suggests neither side is ready for a decisive takeover, and sideways trading within the range of $130-$150 seems likely as the most probable scenario in the medium term. 💰