Top Analyst: Solana (SOL) Price to Reach $115 During Range Breakout

Top Analyst: Solana (SOL) Price to Reach $115 During Range Breakout

Jan 30 Tech Standard

Rekt Capital, a well-known cryptocurrency expert, recently tweeted his optimistic assessment of Solana (SOL), implying that the digital asset is ready for a big increase. The analyst claims that Solana has been following a preset course, which is indicated in orange and shows an impressive 33% upward trend.

Strong bullish momentum can be seen in the cryptocurrency's successful return into its black-black range from a few weeks ago. Any potential dips into the $98.98 level, according to Rekt Capital, would act as a reclaiming event for the previous range low and open the door for a possible recovery to at least $115. The Solana cryptocurrency community as well as other investors are excited about this prognosis.

The dynamics of the Solana market

According to the most recent data that is available, Solana is currently trading at $104.44, which is a significant rise of 30.89% over the previous seven days and a noteworthy increase of 7.68% over the last 24 hours. Solana's 24-hour trading volume has also seen a notable increase, increasing by 63.57% to $3,348,860,287. In the meanwhile, Solana's market capitalization has increased by 8.14% to $45,452,339,907.

Coinglass data shows that Solana has liquidated $9.70 million in total over the past 24 hours amidst the upward momentum. Of this, $7.75 million is linked to short liquidations and $1.95 million to long liquidations. This data implies that traders need to be on the lookout for potential market volatility even when there is a noticeable increase in price and good sentiment.

With its fast expanding ecosystem and high-performance blockchain, Solana is becoming more and more recognized as a formidable competitor in the fiercely competitive cryptocurrency market. Rekt Capital's prediction of good price movement may come to pass, strengthening Solana's position and drawing additional investors to the platform.

The price swings of Solana are being actively watched by traders and cryptocurrency aficionados who are anxious to see if the digital asset will reach the predicted $115 milestone. Solana's performance will be actively monitored as the cryptocurrency market develops in order to gain possible insights into broader market feelings and trends.


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