Solana (SOL) Price Prediction for February 23
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Most of the coins are trading in the red zone, according to CoinMarketCap.
SOL/USD
The price of Solana (SOL) has fallen by 1.57% over the last 24 hours.
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.
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.
Such a scenario is relevant untli the end of the month.
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.
