Technical analysis of #Solana⁩ ( $SOL ) as of January 23, 2025 indicates certain trends and possible scenarios for traders.

Price dynamics

52-week range: from $12.67 to $126.65, with a bullish growth of 378% since June 2023.

Current price: around $177.69, after a recent decline.

Technical indicators

Simple moving average ( #SMA ): The 50-day SMA is approaching the formation of a "golden cross" with the 200-day SMA, which may signal a possible bullish rally.

Relative strength index (RSI): at 70.63, indicating overbought conditions and a possible price correction.

Analysts believe that Solana has the potential for further growth, but there may also be corrections. It is expected that the price of SOL by the end of 2025 could range from $195.55 to $258.57123.