Solana

<ul class="news-points"> 
 <li>An analyst noted that SOL’s position above $75 was good for the price action.</li> 
 <li>If buying pressure intensifies, SOL might ascend to $141.27.</li> 
 <li>The odds do not entirely favor the upside due to indications from the DMI.</li> 
</ul> 
According to trader Crypto Tony, as long as <a href="https://coinedition.com/arthur-hayes-voices-confidence-in-solana-amid-market-volatility/" target="_blank" rel="noreferrer noopener">Solana (SOL)</a> trades above $75, the cryptocurrency remains in a bullish position. Tony made his opinion known on X (formerly Twitter) on January 13. 
Via his post, the trader also showed a weekly chart of SOL, indicating that the price could soon rise above $140.&nbsp; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SOL</a> / <a href="https://twitter.com/search?q=%24USD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$USD</a> – Update Bullish above $75.00. Keep those levels simple legends <a href="https://t.co/IZV0Mpo8bY" target="_blank" rel="nofollow">pic.twitter.com/IZV0Mpo8bY</a>— Crypto Tony (@CryptoTony__) <a href="https://twitter.com/CryptoTony__/status/1746286497945301265?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 13, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
Recently, SOL experienced a significant pullback as the broader market went through a notable correction. During that period, the <a href="https://coinedition.com/solana-sol-price-prediction/">SOL price</a> fell to $92.95 despite rising above $110 a few days before that.&nbsp; 
However, CoinMarketCap’s data showed that the value of the token recovered to $97.62. On January 13, SOL extended a lower leg down to $90.92 due to enhanced selling pressure. 
Despite that, bulls made a bold attempt to revive the price by capitalizing on the same region and using it…
The post <a href="https://coinedition.com/analyst-claims-a-solana-sol-could-be-set-for-a-new-high/">Analyst Claims a Solana (SOL) Could Be Set for a New High</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Analyst Claims a Solana (SOL) Could Be Set for a New High

Coin Edition

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