As of February 22, 2025, Solana ($SOL ) is trading at $172.25. In the past 24 hours, its price has fluctuated between $167.15 and $180.52, with a trading volume of about 4.1 million. The relative strength index (RSI) is currently at 35.33, showing that the asset is in oversold territory, which may indicate a potential buying opportunity. However, the MACD indicator is showing a bearish signal - the MACD line is -12.04 and the signal line is -2.04, indicating that the downward trend is still in place.

From the Fibonacci analysis, the key pivot point of $SOL is located at $182.36, and the resistance levels are $199.35 and $209.84 respectively, while the support levels appear near $165.38 and $154.89. The current price is below the pivot point and may face strong resistance if it attempts to break out of the existing range.

Although Solana's fundamentals and ecosystem growth prospects are promising, current technical indicators are still bearish. Investors should wait for clearer bullish signals or price breakthroughs before entering the market. #山寨季來了？