Solana, MANA, TRON Price Analysis: 23 February
Amidst uncertain times, the wider crypto market projected strained patterns of development. The likes of Solana, MANA and TRON were observed to follow similar patterns of growth over the past week.
Solana (SOL)/USD Source: TradingView
Solana (SOL) took a major hit during the market collapse in December, when the price plummeted from $178 to $85. Following the decline, SOL started consolidating the price and by the end of the first week of February, it traded in an ascending channel, reaching resistance at $121.36 on 7 February.
Since then, the altcoin followed a downtrend. The market gained support at $81.84 level yesterday, following which buyers had kicked in and moved up the price over the past few hours. During press time, SOL traded at $89.97, gaining 3.34% over yesterday. At the time of writing, the RSI projected a bullish momentum at 62.21 while the AO resurfaced above the zero line and was headed for a recovery.
Decentraland (MANA)/USD TradingView
Even though the December market collapse managed to bring down the price from $5 in November to mere $1.85 on January 22, Decentraland (MANA) was still one of the largest and most popular Metaverse tokens in the market. MANA remained mostly unaffected when the market started collapsing in December, but eventually the bears took over control in January.
The price moved up following an ascending channel, hitting resistance at $3.32 level on 9 February. Over the last week, a downtrend was observed. The altcoin managed to retest the support level at $2.47 the previous day. During press time, MANA traded at $2.6298. Buying strength kicked in over a few hours since yesterday pushing the RSI to 55.36 from an oversold territory. Even the MACD confirmed it as it projected a positive
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