Solana (SOL) Price Prediction for October 20

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The rates of most of the coins keep rising, according to CoinStats.

SOL chart by CoinStats

SOL/USD

The price of Solana (SOL) has increased by 2.05% over the last 24 hours.

Image by TradingView

On the hourly chart, the rate of SOL is near the local resistance of $160.64. However, if a breakout happens, the growth is likely to continue to the $165 zone soon.

Image by TradingView

On the bigger time frame, traders should pay attention to the level of $163.70.

If the daily bar closes around that mark, the energy might be enough for an ongoing upward move to the $175-$180 range.

Image by TradingView

On the weekly chart, the rate of SOL is on the way to test the local level of $163.70. If buyers' pressure continues, one can expect a breakout, followed by a move to the $190 area.

SOL is trading at $159.11 at press time.