Solana (SOL) has experienced a 1.58% price increase in the past 24 hours, with indicators suggesting a potential price rebound. Increased volatility, higher trading volume on Binance, low liquidation figures, and sustained open interest point towards a possible bottoming out. Despite the volatility, SOL has remained above a key resistance level of $199.16. Analysts are hopeful Solana may surpass its previous all-time high of $300 in the near future.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Futures traders' exposure to Solana is also minimal, as showcased by its liquidation data on CoinGlass. Overnight, only $8.67 million worth of SOL was liquidated, outpaced by BTC, ETH and XRP, respectively. In addition, SOL open interest is marginally high, with more than 27 million SOLs committed by traders. This shows confidence in its prospects of printing higher price trends soon.The hype generally returns to Solana, with its associated tokens like BONK and dogwifhat still in the spotlight in the meme coin scene. In the near term, analysts are convinced Solana that may breach its previous all-time high to $300.
SOLANA Cryptocurrency Price Rebound Binance Volatility
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana Price Prediction: Will SOL Hit $380 in 2025?One analyst believes Solana's price could surge to $380 this year, fueled by a strong ecosystem and a bullish technical pattern. Experts are also watching Solaxy, a project aiming to solve Solana's transaction congestion issues.
Read more »
Solana (SOL) Price Prediction for January 12Is it possible to expect bounce back from Solana (SOL) shortly?
Read more »
Solana (SOL) Price Prediction for January 15Can current week be bullish for Solana (SOL)?
Read more »
XRP, SOL Price News: Ripple Token Pares Gains as Donald Trump Memecoin Boosts SolanaTrader demand for Solana’s SOL rose as Donald Trump’s so-termed official token was issued on the network.
Read more »
Solana Price Forecast: Are US traders dumping Bitcoin and XRP for SOL?Solana (SOL) price stabilized near the $250 support level on Monday, having declined 10% from its all-time high over the last 24 hours.
Read more »
Solana (SOL) Price Prediction for January 24Can traders expect Solana (SOL) to test the $300 mark soon?
Read more »