Solana (SOL) Price Prediction for January 24
Original U.Today article Denys Serhiichuk Can traders expect Solana (SOL) to test the $300 mark soon? Cover image via U.TodayDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Bulls are coming back to the game at the end of the week, according to CoinMarketCap.Top coins by CoinMarketCapSOL/USDThe price of Solana (SOL) has increased by 9.15% over the last 24 hours.Image by TradingViewDespite 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.Image by TradingViewOn 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.Image by TradingViewFrom 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. Related 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. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. About the author Denys Serhiichuk With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins. Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today. Related articles