Solana (SOL) Price Prediction for January 24
Bulls are coming back to the game at the end of the week, according to CoinMarketCap.
SOL/USD
The price of Solana (SOL) has increased by 9.15% over the last 24 hours.
Despite today's sharp rise, the rate of SOL keeps looking bullish on the hourly chart. If the breakout of the local resistance happens, growth is likely to continue to the $270 zone and above.
On the bigger time frame, one should focus on the daily bar closure in terms of the nearest level of $270.67. If the candle closes around it or above, the accumulated energy might be enough for a test of the $280-$290 range soon.
From the midterm point of view, the rate of SOL is far from the main levels. In this case, traders should pay attention to the weekly candle's closure in terms of its peak.
If it happens with no long wick, there is a possibility of seeing a test of the $300 area.
SOL is trading at $264.70 at press time.
Read original article on U.TodayDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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