The post Solana (SOL) Price Analysis for February 10 appeared on BitcoinEthereumNews.com. Original U.Today article Can the rate of Solana (SOL) get back above $The post Solana (SOL) Price Analysis for February 10 appeared on BitcoinEthereumNews.com. Original U.Today article Can the rate of Solana (SOL) get back above $

Solana (SOL) Price Analysis for February 10

Can the rate of Solana (SOL) get back above $90 soon?

Cover image via U.Today

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Bulls are not ready yet to seize the initiative, and most of the coins keep trading in the green zone, according to CoinMarketCap.

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SOL/USD

The rate of Solana (SOL) has declined by 1.46% over the last 24 hours.

Image by TradingView

On the hourly chart, the price of SOL is looking bearish as the rate has not bounced back far from the support at $83.69. If bulls cannot seize the initiative, one can expect a level breakout, followed by an ongoing decline to the $83 mark.

Image by TradingView

On the longer time frame, the rate of SOL is also going down after a failed attempt to fix above the $90 area. 

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If the daily bar closes around the current prices or below, traders may witness a test of the $80 range over the next few days.

Image by TradingView

From the midterm point of view, there are no reversal signals yet. The rate of SOL is in the middle of the channel, which means traders are unlikely to see increased volatility soon.

SOL is trading at $83.82 at press time.

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Source: https://u.today/solana-sol-price-analysis-for-february-10

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