Solana (SOL) price has experienced a slight dip over the last day, with an overall market sentiment currently neutral according to CoinMarketCap data. 💰 📊
Let’s take a closer look at the Solana (SOL) price prediction for August 12.
**Short-Term Forecast:**
– On the hourly chart, SOL is showing signs of returning to resistance around $178.72. If this resistance breaks, further growth towards the $180 mark seems likely for tomorrow.
– However, long-term, there’s no clear dominance on either side as the price remains far from both support and resistance levels. 📈
– Even if the daily close is around current price or higher, it might take time for bulls to build momentum, making sideways trading between $175-$185 the most likely scenario.
– In the medium term, buyers need to reclaim the crucial $200 zone for the initiative. 💰
**SOL price stands at $178.3 as of press time.**
Read the full prediction and original article on UToday: [link to UToday Article]