Solana Price Prediction for Today, June 7: SOL Price May Hit $35 Low ByAzeez MustaphaPRO INVESTOR Updated: 07 June 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage The Solana price prediction is currently heading to the north and the dip is likely to worsen because of a recent decline in the crypto world. Solana Prediction Statistics Data: Solana price now – $40.5 Solana market cap – $13.8 billion Solana circulating supply – 340.4 million Solana total supply – 511.6 million Solana Coinmarketcap ranking – #9 SOL/USD Market Key Levels: Resistance levels: $74, $76, $78 Support levels: $10, $8, $6 Buy Solana Now SOL/USD is moving sideways as the coin remains below the 9-day and 21-day moving averages. The Solana price is at the time of writing trading at $40.56, but crossing below the previous support of $37 may allow the coin to create another low within the market. Solana Price Prediction: Would Solana Price Drop More? The Solana price is currently ranging, but a cross below the lower boundary of the channel may increase the short-term selling pressure as the next critical supports may come at $10, $8, and $6. Meanwhile, any bullish movement above the 9-day and 21-day moving averages may reach the next potential resistance levels at $74, $76, and $78. On the positive side, the technical indicators could start a new bullish session, but it is, however, not clear how long the session will last because, this month, both bullish and bearish sessions have been frequent. Therefore, it is important to watch the support level coupled with the movement of other indicators within the daily chart. SOL/BTC Market: Bears Are Coming to Play Compared with Bitcoin, the market price is heading to the downside as the coin is currently trading at 1299 SAT below the 9-day and 21-day moving averages. Looking at the daily chart, if the coin can make a cross above this barrier, the bulls may push the price towards the upper boundary of the channel. However, if the market drops more, the next key support may come at 8400 SAT and below. SOLBTC – Daily Chart On the bullish side, a possible rise could push the market towards the upper boundary of the channel to hit the resistance level of 1800 SAT and above. As revealed by the technical indicator which is the Relative Strength Index (14), the market may continue the downward movement as the signal line moves to cross into the oversold region. Our Recommended Crypto Exchange for U.S. customers Our Rating 120+ Cryptos Wallet Available Paypal available Licensed and regulated in the U.S. Social trading Platform & copy trading Low trading fees Visit Site 81% of retail investor accounts lose money when trading CFDs with this provider. Read more: How to buy Cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage