Analysis of Solana prices today (January 7, 2025)

The current price of Solana ($SOL ) is $198.65, the price has decreased by -8.59% in the last 24 hours. Currently, SOL is available on 55 exchanges, and in the last 24 hours, 19,434,500 SOL coins have been exchanged, totaling $3,860,649,699 in trading volume.$FIRO $STEEM

Today, Solana (SOL) opened at $202.15. This is -1.73% lower than the opening price. Despite a rally to $203.04, Solana (SOL) faced resistance and could not maintain the momentum to move higher. From the maximum price over the last 30 and 7 days, its value has decreased by -17.72% and -10.84%, and from the minimum recorded price over the same period, it has increased by 12.50% and 5.56%.

According to our analysis, SOL needs to stay above $196.11 to potentially move towards the first significant resistance level at $204.42. A breakout above $204.42 could lead to an increase of SOL to the next resistance level at $213.93. The third resistance is at $222.66.

If the price falls, the first support level to watch is $196.11. If this level does not hold, further declines may occur to the next support level at $186.29#CryptoMarketDip #BullCyclePrediction #MicroStrategyAcquiresBTC #BinanceMegadropSolv #BinanceAlphaAlert