Advertisement
AD

Main navigation

Solana (SOL) Price Analysis for January 10

Advertisement
Tue, 10/01/2023 - 19:00
Solana (SOL) Price Analysis for January 10
Cover image via www.tradingview.com

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.

Read U.TODAY on
Google News

The market might need a correction as the rates of the coins are going down.

Advertisement

Top coins by CoinMarketCap

SOL/USD

Solana (SOL) is one of the biggest losers today, falling by 3.70% over the last 24 hours.

SOL/USD chart by TradingView

On the hourly chart, the price is coming back to the local support level of $15.86. If buyers cannot seize the initiative shortly, the breakout might lead to the test of the zone around $15.

SOL/USD chart by TradingView

On the daily chart, bulls have nothing to worry about until the price is above the support level at $15. From another point of view, the rate of SOL could not fix above the $17 mark, which means buyers need more time to accumulate power for a further move.

Related

Respectively, sideways trading in the range of $15-$16 is the more likely scenario.

SOL/USD chart by TradingView

On the daily chart against Bitcoin (BTC), the price of Solana (SOL) is also trading above the support level. If bulls can hold the rate above the 0.0009146 mark, one can expect an upward move to the important zone of 0.001 by the end of the month.

SOL is trading at $15.88 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD