Solana
Solana (SOL) Price Prediction for May 23
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Prices of most coins continue to fall, according to CoinMarketCap.
SOL/USD
Solana (SOL) price declined by 5.22% in the last 24 hours.
On the hourly chart, the SOL rate looks bearish as it is trading near the local support at $171.24.
Related
If the situation does not change by the end of the day, the breakout could lead to a further decline to the $165 zone.
On a longer time frame, there are no reversal signals yet. If buyers lose the $170 area, it is possible to see a test between $160 and $165 by the end of the week.
From a medium-term perspective, the weekly bar is about to close away from its high, which is a bearish signal. If this happens, traders can expect a test of the nearest support level at $160 soon.
SOL is trading at $171.26 at press time.