Solana

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Most coins are bouncing back after a sharp market drop, according to <a href="https://u.today/doge-shib-and-bonk-price-analysis-for-january-13" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="7a9ecc60-bf26-4756-8cc3-3570597a9424" src="https://u.today/sites/default/files/inline-images/top10_882.png">SOL chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="sol-usd">SOL/USD</h2>
The rate of SOL (SOL) has increased by 7.14% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="c53c508a-1824-493e-b944-662e4631ac0a" src="https://u.today/sites/default/files/inline-images/sol1_16.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSD" rel="noopener noreferrer nofollow">TradingView</a>
Despite today's sharp rise, the price of SOL still looks bullish on the hourly chart. If the daily bar closes near the $98.85 level or above, the upward move may continue to the vital zone of $100 tomorrow. <img data-entity-type="file" data-entity-uuid="58c770f7-9d71-47b1-a5ab-20ec8d952e4f" src="https://u.today/sites/default/files/inline-images/sol2_14.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, it is too early to make bullish predictions as the rate of SOL remains in the wide channel.
Only if the price returns to the $110 area is there a possibility of a resistance breakout followed by a blast to $130. <img data-entity-type="file" data-entity-uuid="39379d36-1c3f-421c-aaa5-21b113fa6ee4" src="https://u.today/sites/default/files/inline-images/sol3_13.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/SOLUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, one should pay attention to the candle closure in terms of yesterday's bar peak. If it happens above it, the rise can lead to a test of the $110-$120 area.
SOL is trading at $99.44 at press time.

Solana (SOL) Price Analysis for January 14

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