| 
February 28, 2023
Solana weakened earlier in the day, before moving away from its $22.14 low and recovering back to $22.36.
Solana made an initial break below its 50 day Simple Moving Average at $22.54, a possible indication of a forthcoming negative trend. Despite this, Solana could begin to recover as it approaches significant support, now 7 cents away from $22.29. Dipping below could be an indication that further losses are ahead.
Looking forward, Solana is poised to extend its strong downtrend and continue declining.
In the meantime, negative performances are also seen in other markets, UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.
Other assets are showing positive performances as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $1.13, EOS is up 3.41% today to currently trade at around $1.17.
Over the past 10 months, Solana has retreated 83.4% from a noteworthy peak of $136.78. Solana is currently trading with a market cap of 8.46 billion with an average daily volume of 586.61 million.
