Solana

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Most of the coins are trading in the red zone, according to <a href="https://u.today/ada-and-bnb-price-prediction-for-february-22" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="49bf62c2-4416-43f6-b18a-2ba2df336d48" src="https://u.today/sites/default/files/inline-images/top10_954.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="sol-usd">SOL/USD</h2>
The price of Solana (SOL) has fallen by 1.57% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="26a87b64-6378-4922-8735-a85749ed4395" src="https://u.today/sites/default/files/inline-images/sol1_20.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
Despite today's fall, the rate of SOL might have found a local support level of $101. If the daily bar closes far from it, there is a possibility to see a test of the resistance tomorrow. <img data-entity-type="file" data-entity-uuid="cf5edc88-f117-4ca9-855e-40084f7fe020" src="https://u.today/sites/default/files/inline-images/sol2_18.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, traders should focus on the interim level of $100.23. If the decline to it continues, the accumulated energy might be enough for a further downward move to the $90-$95 area.&nbsp;
Such a scenario is relevant untli the end of the month. <img data-entity-type="file" data-entity-uuid="3928dae7-edb6-447c-b57c-4e13526bfaf9" src="https://u.today/sites/default/files/inline-images/sol3_18.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
A similar picture can be seen on the weekly. At the moment, traders should pay attention to the previous bar's low at $103.4. If the candle closes around the current prices, there is a chance to see a test of the $80-$90 zone.
SOL is trading at $102.28 at press time.

Solana (SOL) Price Prediction for February 23

Table of Contents

U_Today

Other articles published on Feb 23, 2024

2024’s Premier Picks: Unveiling the Top 6 Crypto Mining Platforms for Profitable Cloud Mining Ser...

Spot Bitcoin ETFs Break Record With $50 Billion Trading Volume

Millions of XRP Shifted by Whales as Price Hits Key Support

AGIX might be nearing peak of AI rally, here’s why

Is This Historical Bull Run Pattern Finally Forming For Bitcoin?

Investors chose DeeStream over Bitcoin Cash and Algorand

Join our free newsletter for daily crypto updates!