CandleFocus Solana (SOL) Price Prediction for January 28
2025-01-28
Author: Content Editor
According to CoinMarketCap, most cryptocurrencies are currently experiencing a positive trend, with many coins returning to the green zone. The rate of Solana (SOL) has increased by 4.37% over the last 24 hours. On the hourly chart, SOL is approaching the local support level of $233.06, and if selling pressure continues, it could potentially test the $230 region by tomorrow. However, on a larger time frame, the situation remains more bearish than bullish. If the candle closes with a long wick, it could indicate enough momentum for a support breakout, leading to a further correction to the $210-$220 range. Looking at the midterm perspective, it is too early to make distant predictions as the week has just started and volume has dropped, indicating a lack of buyer and seller activity. As a result, the most likely scenario is sideways trading within the $220-$260 range. At the time of writing, SOL is trading at $236.38.
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