Solana

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The prices of most of the coins keep going down, according to CoinMarketCap. <img data-entity-type="file" data-entity-uuid="c35e53ca-1076-4661-8d30-21e04db54453" src="https://u.today/sites/default/files/inline-images/top10_1132.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 id="sol-usd">SOL/USD</h2>
The price of Solana (SOL) has declined by 5.22% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="f021fe30-23fa-463e-9a30-d81b1ffd00e8" src="https://u.today/sites/default/files/inline-images/sol1_36.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of SOL is looking bearish as it is trading near the local support of $171.24.&nbsp;
If the situation does not change by the end of the day, the breakout may lead to a further drop to the $165 zone. <img data-entity-type="file" data-entity-uuid="4d5cb759-86ad-465a-aedf-da3542441f78" src="https://u.today/sites/default/files/inline-images/sol2_31.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, there are no reversal signals yet. If buyers lose the $170 area, there is a chance to see a test of $160-$165 by the end of the week. <img data-entity-type="file" data-entity-uuid="d3306aff-00c2-4472-9b90-ec1dec52644a" src="https://u.today/sites/default/files/inline-images/sol3_31.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the weekly bar is about to close far from its peak, which is a bearish signal. If that happens, traders may expect a test of the nearest support level of $160 soon.
SOL is trading at $171.26 at press time.

Solana (SOL) Price Prediction for May 23

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