Solana (SOL) price forecast for October 4

According to CoinStats, the market continues to trade in the green zone.

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SOL/USD

The price of Solana (SOL) has increased by 4.09% since yesterday.

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On the hourly chart, traders should pay attention to the daily bar closing at $141.03. If it happens above it, the upward movement will likely continue to $145 tomorrow.

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On a longer time frame, buyers are trying to get back into the game after yesterday’s bearish close.

If they manage to do this and the candle closes in the $144 zone or above, there is a chance of seeing a test of the $150 area soon.

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In the medium term, the picture is less positive. The SOL rate is far from the resistance of $162, which means it’s too early to think about an imminent reversal. If selling pressure continues and the price reaches $130, there may be enough energy to move towards the $116 support level.

At the time of publication, SOL is trading at $142.

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