Technical analysis by DEinvestment about Symbol SOL: Buy recommendation (2/6/2023)

Solana pricing research reveals a downward trend. The resistance level for SOL is $24.89 Support is seen at $23.50. Recent Solana price research shows that the coin has been moving sideways over the last few days. The inverse has begun to take shape, resulting in bearish pressure. The current price of Solana is $23.61, with a small downward trend in the graph indicating that sellers currently outnumber buyers. The bearish has been in charge for the last few days, generating a headwind for the cryptocurrency. The resistance level is $24.89, while the support level is $23.50. In terms of volume, Solana has experienced a reduction in buying momentum as well as trading activity during the last several days.