The post Solana (SOL) Price Analysis for October 28 appeared on BitcoinEthereumNews.com. The market is mostly neutral after a few days of growth, according to CoinMarketCap. Top coins by CoinMarketCap SOL/USD The rate of Solana (SOL) has risen by 0.28% over the last 24 hours. Image by TradingView On the hourly chart, the price of SOL is going down after setting a local resistance of $203.99. If the decline continues and the bar closes near the support, one can expect a dump to the $195 mark. Image by TradingView On the longer time frame, the rate of SOL is far from key levels. Thus, the volume is low, which means none of the sides is ready to seize the initiative.  You Might Also Like In this case, sideways trading in the range of $195-$205 is the most likely scenario. Image by TradingView From the midterm point of view, neither buyers nor sellers are dominating. Respectively, one should focus on the weekly candle’s closure in terms of the $200 zone. If the price fixes above it, traders may witness growth to the $210-$220 area. SOL is trading at $200.22 at press time. Source: https://u.today/solana-sol-price-analysis-for-october-28The post Solana (SOL) Price Analysis for October 28 appeared on BitcoinEthereumNews.com. The market is mostly neutral after a few days of growth, according to CoinMarketCap. Top coins by CoinMarketCap SOL/USD The rate of Solana (SOL) has risen by 0.28% over the last 24 hours. Image by TradingView On the hourly chart, the price of SOL is going down after setting a local resistance of $203.99. If the decline continues and the bar closes near the support, one can expect a dump to the $195 mark. Image by TradingView On the longer time frame, the rate of SOL is far from key levels. Thus, the volume is low, which means none of the sides is ready to seize the initiative.  You Might Also Like In this case, sideways trading in the range of $195-$205 is the most likely scenario. Image by TradingView From the midterm point of view, neither buyers nor sellers are dominating. Respectively, one should focus on the weekly candle’s closure in terms of the $200 zone. If the price fixes above it, traders may witness growth to the $210-$220 area. SOL is trading at $200.22 at press time. Source: https://u.today/solana-sol-price-analysis-for-october-28