Mastering Crypto
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Solana ($SOL ) Price Prediction for January 14, 2025
Solana (SOL) has seen significant price swings in the past 24 hours. After dipping to $168, it rebounded above $175, showing resilience. However, the volatility led to a major whale sell-off, impacting market sentiment but opening recovery opportunities.
Whale Alert: $22 Million SOL Dump
On January 13, 2024, Whale Alert reported a transaction of 122,620 SOL tokens worth $21.75 million on Kraken. The wallet remains unidentified.
This dump caused SOL to briefly lose its $175 support, signaling bearish action. However, the token quickly rebounded, indicating recovery.
Key Levels to Watch
Support and Resistance
Support: $175
Resistance: $193
Target: $220
If SOL holds $175, it could climb 22% to $220. An hourly close above $193 might push it 7% higher to $207.
Indicators
200 EMA: SOL trades above its 200 EMA, signaling an uptrend.
RSI: RSI near oversold, hinting at recovery.
Current Price
Solana trades at $183.30, down 2.50% in 24 hours. Trading volume surged 240%, showing increased trader interest.
Conclusion
Solana’s technical indicators suggest a bullish recovery. Holding $175 is crucial for upward momentum. Watch key levels to capitalize on SOL's potential surge.
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Solana (SOL) has seen significant price swings in the past 24 hours. After dipping to $168, it rebounded above $175, showing resilience. However, the volatility led to a major whale sell-off, impacting market sentiment but opening recovery opportunities.
Whale Alert: $22 Million SOL Dump
On January 13, 2024, Whale Alert reported a transaction of 122,620 SOL tokens worth $21.75 million on Kraken. The wallet remains unidentified.
This dump caused SOL to briefly lose its $175 support, signaling bearish action. However, the token quickly rebounded, indicating recovery.
Key Levels to Watch
Support and Resistance
Support: $175
Resistance: $193
Target: $220
If SOL holds $175, it could climb 22% to $220. An hourly close above $193 might push it 7% higher to $207.
Indicators
200 EMA: SOL trades above its 200 EMA, signaling an uptrend.
RSI: RSI near oversold, hinting at recovery.
Current Price
Solana trades at $183.30, down 2.50% in 24 hours. Trading volume surged 240%, showing increased trader interest.
Conclusion
Solana’s technical indicators suggest a bullish recovery. Holding $175 is crucial for upward momentum. Watch key levels to capitalize on SOL's potential surge.
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#AltcoinMomentum #MicroStrategyAcquiresBTC
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