Solana Price Outlook

According to the chart provided, the price of Solana (SOL) is currently in a range close to the resistance of $231.97. If this level remains valid as resistance, the price is likely to move downwards and could fall to the support of the channel floor around $202.06.

This analysis is based on two points:

Resistance at $231.97: If the price fails to break through this level, we may see selling pressure and the price move downwards.

Support at $202.06: This level is known as the channel floor and if the price reaches this area, we are likely to see a support reaction that could cause the price to stop or even return to the upside.

Overall, the price of Solana could fall towards the support of $202.06 in the short term, provided that the resistance of $231.97 is maintained and not broken.