SOLANA PRICE ANALYSIS & PREDICTION (January 23) – SOL Enters Pullback Mode After a Week Rally, Looking For Support

2025-1-24 00:35

This week saw Sol through a slight pullback after posting a significant gain last week. It currently appears weak, looking for close support. 

Sol’s recent performance was awe-inspiring as it suddenly rose from a low of $170 to a new all-time high of $296 – marking an insane 70% gain in a single week. That speedily drove positive sentiment back in the market, but the asset lost buzz and closed last weekend at $250.

Starting this week on a negative note, the bulls attempted to sustain the momentum but they failed following multiple rejections under $280. This brought a little setback for the bulls and they are now on the verge of losing control on the lower timeframe, forming a bearish pattern hourly.

Looking at the current price weakness on the daily chart, the weekly timeframe is still suggested strong for more buys. A drop below this week’s low could wash the recent gain off to bring trading back around the monthly low. A breakdown there could result in a major sell-off.

But from the look of things, the price is expected to see more growth in the coming weeks with the newly formed W-pattern on the daily chart.

The neckline break is yet to be confirmed. A daily close above $270 should set the pace for a massive run up to a new high. Regardless of the latest drops, Sol’s overall market structure is still considered bullish weekly.

SOL’s Key Level To Watch

Source: Tradingview

Now that the price is facing down, the $223 level is the closest support to watch for a bounce. A dip below it could roll the price back to $202 and potentially $185.

To resume bullish, Sol must retake the rejected $272 level along with the current $296 high before marking a new one at around $300 and $320.

Key Resistance Levels: $272, $296, $320

Key Support Levels: $223, $202, $185

Spot Price: $244.7 Trend: Bullish Volatility: Low

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: jruiz1108/123RF // Image Effects by Colorcinch

origin »

Sola (SOL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 SOL / 27.153m SOL

week sol looking support gain pullback low

Источник: nulltx.com

week sol → Результатов: 126


Аналитики объяснили рост цены SOL

Одним из факторов, который повлиял на скачок курса SOL, является ценовое давление на актив со стороны пользователей биржи Coinbase. Это следует из отчета аналитиков Kaiko.  Coinbase has been leading this SOL rally for the past week; Kraken's CVD flipped positive on the 30th while Binance and OKX went positive in the past 12 hours. Upbit […]

2023-11-3 18:04


Polkadot (DOT) Fails to Keep Pace with Broader Altcoin Rally – Report

Polkadot’s DOT token has largely missed out on the robust altcoin rally over the past week, calling into question its status as a leading smart contract platform. While altcoins like Solana’s SOL, Cardano’s ADA, Dogecoin, Shiba Inu, and Ethereum have posted double-digit percentage gains in the last 7 days, DOT has limped along with just […] The post Polkadot (DOT) Fails to Keep Pace with Broader Altcoin Rally – Report appeared first on CaptainAltcoin.

2023-10-29 00:09


Solana On Fire With Over 34% Rally Within A Week – Details

The cryptocurrency industry has demonstrated a strong positive trend throughout the course of the week, with leading cryptocurrencies experiencing substantial increases in their market value. Moreover, the price of Solana (SOL) has exhibited superior performance compared to prominent cryptocurrencies, experiencing a notable increase of more than 34% in value over the course of one week.

2023-10-22 09:26


Leading Crypto Analyst Flags BTC, SOL and 4 Others as Tokens to Monitor This Week – Here’s His Outlook

A trader Miles Deutscher, shared his Weekly Token + Narrative Watchlist on Twitter, providing valuable insights into the cryptocurrency market. Here’s a breakdown of his analysis: Bitcoin ($BTC) Deutscher points out that Bitcoin is sitting at a crucial support level of $25,000, which was the starting point for its previous rally to $31,500, fueled by […] The post Leading Crypto Analyst Flags BTC, SOL and 4 Others as Tokens to Monitor This Week – Here’s His Outlook appeared first on CaptainAltcoin.

2023-9-12 11:05


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru