A slow down? After three days of going up, Solana is flat today, hovering around $23.32.

Without a clear-cut direction, Solana is trading around $23.32 and ranging between $23.18 and $23.46.

Price action remains constrained around the key Fibonacci level of $23.33 currently serving as support. If price action breaks below, the next Fib hurdle is $22.7. Technical analysis of Solana's past price action reveals multiple support and resistance levels: SOL is approaching key support, around 79 cents away from $22.53. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

SOL is trading 75.24% lower compared to the $94.35 high it reached over the past year. SOL has a market cap of 9.16 billion with an average daily volume of 552.65 million.