Solana (SOL) Price Prediction for February 17

Most of the coins are in the green zone on the first day of the week; however, there are some exceptions to the rule, according to CoinStats.

SOL/USD

Unlike other coins, the price of Solana (SOL) has fallen by 2.1% over the last day.

On the hourly chart, the rate of SOL is in the middle of the local channel, between the support of $180.77 and the resistance of $189.72. If growth continues, one can expect a test of the upper level by tomorrow.

On the longer time frame, traders should focus on the bar’s closure in terms of the support of $175.89.

If it happens near it or below, the energy might be enough for a level breakout, followed by an ongoing downward move to the $170 area.

From the midterm point of view, there are no reversal signals yet. If the weekly bar closes near its low, traders may witness a test of the support of $157.82 soon.

SOL is trading at $184.50 at press time.

Source