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**Solana (SOL) Price Prediction for May 23**
📉 **SOL/USD Update:**
The price of Solana (SOL) has dropped 5.22% in the last 24 hours.
🔍 **Hourly Chart Analysis:**
The SOL rate is looking bearish, trading close to local support at $171.24. If this level doesn't hold by the end of the day, a breakout could push the price down to the $165 zone.
📊 **Larger Time Frame:**
No reversal signals are evident yet. If buyers can't maintain the $170 area, a test of $160-$165 is possible by week's end.
📅 **Midterm Outlook:**
The weekly bar is closing well below its peak, signaling bearish momentum. If this trend continues, traders might see a test of the $160 support level soon.
💰 **Current Price:**
SOL is trading at $172.26 at the moment.
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
