Solana price forecast for today, January 24 – Insidebitcoins

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Solana price expectation requires a quick upward movement, exceeding both moving averages for 9 days and 21 days, to ward off down pressure on the market.

Solana prediction data:

Solana price now – $ 259.0
Solana’s market value – 125.73 billion dollars
Solana Trading Offer – 486.64 million
Solana Total offer – 592.64 million
Solana Coinmarketcap classification – No. 5

Solana (Sol) has witnessed a remarkable growth since its lowest level ever at $ 0.5052 on May 11, 2020, as it increased by amazing +51,604.84%. Recently, the premium code price fluctuates between the lowest level at 244.59 USD and the highest level at $ 269.81 during the past 24 hours, with its highest level ever reaching $ 294.33. Despite the decrease by -11.25% only five days ago on January 19, 2025, the general performance of Sol highlights its amazing recovery and upward path since its early days.

Sol Market/USD

Main levels:

Resistance levels: $ 305.0, $ 315.0, 325.0 dollars

Support levels: $ 205.0, $ 195.0, $ 185.0

Solana price forecast for today, January 24 - technical analysis of Sol — Solusd – Daily Chart

The daily chart of Solana (SOL/USD) reflects a strong bullish momentum as the price maintains its path inside a bullish canal, to reach $ 252.69. The last penetration over the two -day moving averages ($ 239.18) and 21 days (216.11 dollars) shows the strength of the upward trend. However, the chart shows a rejection near the level of $ 258.33, which is in line with the medium range of the channel. This refusal refers to temporary profit processes by traders. Despite the decline, the high volume of trading in the last upward candles indicates the continued desire to buy, which may lead to the continued oud direction in the medium term.

Solana price expectations: Solana may continue to rise

Looking at the daily chart, the next main resistance level for Sol/USD is at $ 280, which corresponds to the upper limit of the emerging canal. In order for the bullish scenario to remain present, the price must maintain support above the moving average for 9 days and perfectly above the level of $ 260. Daily closure above $ 290 will enhance more bullish momentum, and resistance levels are likely to target $ 305.0, $ 315.0 and $ 325.0 in the coming days. On the contrary, failure in penetration above $ 260 may lead to cohesion or slight apostasy about $ 240 or a 21 -day moving average at 216.11 dollars, providing a possible purchase opportunity for traders.

On the downside, support levels are $ 205.0, $ 195.0 and $ 185.0 decisive to keep the upper structure. The penetration without this level may nullify the emerging channel and attract more selling pressure, and it is likely to target the minimum channel. However, as long as the price is over the two moving averages for 9 days, 21 days and inside the canal, the general feeling remains upward. Traders should monitor the directions of size and price movement near the main support and resistance levels to confirm the next direction of the market.

The price of Sol/BTC may rise to the top

The daily chart for Sol/BTC shows that the price is currently trading at 0.0024 SAT, and settles on the two -day moving averages (0.0023 SAT) and 21 days (0.0021 SAT). This indicates that the upscale momentum is still existing, as the husband recently penetrated the downtown line. The resistance level at 0.0028 SAT and above is the next decisive target for bulls. A successful penetration over this resistance may push the price further, and it is likely to test higher levels within the wider direction. The increasing size during the last upward candles supports the possibility of continuous upward movement.

On the negative side, the support level at 0.0020 SAT is still important. If the price fails to break the resistance level 0.0028 SAT and decrease, keep the support above 0.0023 SAT (MA for 9 days) will be very important to prevent further pressure. The collapse without the support of the SAT 0.0020 may nullify the current upward trend and push the price down to the bottom of the canal. In general, as long as the price remains above the main moving averages and maintains its low levels, it is likely that the upward trend will continue.

However, with more than 320,000 followers on X (previously Twitter), @Bobloukas offers an interesting analysis about the Sol, indicating that increasing pressure may lead to a rapid rise to $ 600 in the next eight weeks. This projection supports price movement, historical trends, economic activity, current narration and course. For those who tend to exclude Sol or compare them to their favorite assets, the focus here is only on visions based on the graph.

My reading is on $ SoulIt seems that the pressure is increasing and as soon as it is launched, it can work very quickly (less than 8 weeks) to $ 600.

Price and date movement, economic activity, narration, course stage, all support.

Before you answer “Sol is a trash or better bag”, don’t care, just follow the charts. pic.twitter.com/jmm2axi5mz

Bobloukas January 24, 2025

Solana alternatives

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