Solana (SOL) Price Analysis for September 2

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The prices of most of the coins are falling on the first day of the weekend, according to CoinStats.

SOL/USD

The price of Solana (SOL) has declined by almost 1% since yesterday.

On the local chart, the price of Solana (SOL) has made a false breakout of the support at $19.41. If the daily bar closes far from it, one can expect a bounce back to the resistance at $19.66 tomorrow.

On the daily chart, the price of SOL is more bearish than bullish as it is approaching the support at $18.87. If a breakout of $19 happens, one can expect a blast to the $18-$18.50 zone as enough energy has been accumulated for such a move.

On the bigger time frame, the rate is testing the previous candle low at $19.35. If the bar closes near it or even below, the correction may continue to the next support zone around $18.

Such a scenario is relevant until mid-September.

SOL is trading at $19.44 at press time.