The cryptocurrency market is ending December with high volatility, and Solana (SOL) has found itself in the spotlight for traders. After falling from the highs of the beginning of the month (~$145), the asset lost about 16% of its value and is now consolidating in the $122–$124 range.
Is the network ready for a full comeback? We analyze the current metrics and forecasts.
📊 Technical Picture: Searching for the "Bottom"
Currently, SOL is showing signs of moderate stabilization. Despite the overall market background being painted in tones of "extreme fear" (Fear & Greed Index), short-term indicators are giving encouraging signals:
MACD: There is a slight positive momentum.Moving Averages: On short timeframes, buy signals are recorded, which may indicate a local bounce.Support Levels: The key defensive zone for the bulls is around $118–$120. If the price holds above this, the chances of growth remain.
📈 Forecast for January 2025
According to analytical data, the coming weeks may pass in accumulation mode. SOL is expected to consolidate within the $122–$125 corridor by the beginning of January.
However, more optimistic scenarios suggest:
Moderate Growth: If the current dynamics are maintained, a move to the $132–$137 marks is possible by the end of January.Bullish Scenario: If the Solana ecosystem pleases with network upgrades or growth in TVL in the DeFi sector, the goal will be a return to the psychological mark of $140+.
⚠️ Risks
One should not forget about bearish pressure. Overall investor caution could provoke a retest of the $118 level. Cryptocurrencies remain extremely volatile assets.
Summary: Solana is demonstrating resilience. The current consolidation looks like preparation for the next move. Whether January will be a month of recovery depends on the overall liquidity in the market.
What do you think: will we see SOL at $150 next month or will we go below $100? Write in the comments! 👇
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