The post Solana (SOL) Price Analysis for October 22 appeared on BitcoinEthereumNews.com. Bears are again more powerful than bulls, according to CoinStats. SOL chart by CoinStats SOL/USD The price of Solana (SOL) has dropped by almost 3% since yesterday. Image by TradingView On the hourly chart, the rate of SOL is approaching the local support of $181.92. If its breakout happens, there is a high chance of seeing a test of the $180 area by tomorrow. Image by TradingView On the longer time frame, the price of SOL is breaking the $183.19 level.  You Might Also Like If the daily bar closes below it and without a long wick, the accumulated energy might be enough for a more profound decline to the $170-$175 zone. Image by TradingView From the midterm point of view, the situation is also bearish. If the weekly candle breaks the support of $173.43, traders may witness an ongoing drop to the $150 area. SOL is trading at $182.24 at press time. Source: https://u.today/solana-sol-price-analysis-for-october-22The post Solana (SOL) Price Analysis for October 22 appeared on BitcoinEthereumNews.com. Bears are again more powerful than bulls, according to CoinStats. SOL chart by CoinStats SOL/USD The price of Solana (SOL) has dropped by almost 3% since yesterday. Image by TradingView On the hourly chart, the rate of SOL is approaching the local support of $181.92. If its breakout happens, there is a high chance of seeing a test of the $180 area by tomorrow. Image by TradingView On the longer time frame, the price of SOL is breaking the $183.19 level.  You Might Also Like If the daily bar closes below it and without a long wick, the accumulated energy might be enough for a more profound decline to the $170-$175 zone. Image by TradingView From the midterm point of view, the situation is also bearish. If the weekly candle breaks the support of $173.43, traders may witness an ongoing drop to the $150 area. SOL is trading at $182.24 at press time. Source: https://u.today/solana-sol-price-analysis-for-october-22