Most coins are bouncing back after a sharp market drop, according to CoinStats.
![fc9e04b3e279a6070f95b75fd011e3b34e739e6e Solana (SOL) Price Analysis for January 14](https://i0.wp.com/pandoraland.info/wp-content/uploads/2024/02/fc9e04b3e279a6070f95b75fd011e3b34e739e6e.png?w=640&ssl=1)
SOL/USD
The rate of SOL (SOL) has increased by 7.14% over the last 24 hours.
![7d75fdd56d8a0dfbddbd7912964fae10e794fc93 Solana (SOL) Price Analysis for January 14](https://i0.wp.com/pandoraland.info/wp-content/uploads/2024/02/7d75fdd56d8a0dfbddbd7912964fae10e794fc93.png?w=640&ssl=1)
Despite today’s sharp rise, the price of SOL still looks bullish on the hourly chart. If the daily bar closes near the $98.85 level or above, the upward move may continue to the vital zone of $100 tomorrow.
![05861873819126ae4a107de68cc90d37d7bedef0 Solana (SOL) Price Analysis for January 14](https://i0.wp.com/pandoraland.info/wp-content/uploads/2024/02/05861873819126ae4a107de68cc90d37d7bedef0.png?w=640&ssl=1)
On the bigger time frame, it is too early to make bullish predictions as the rate of SOL remains in the wide channel.
Only if the price returns to the $110 area is there a possibility of a resistance breakout followed by a blast to $130.
![a210bf4cd1bd056466958bac77bbf9f3809fa987 Solana (SOL) Price Analysis for January 14](https://i0.wp.com/pandoraland.info/wp-content/uploads/2024/02/a210bf4cd1bd056466958bac77bbf9f3809fa987.png?w=640&ssl=1)
From the midterm point of view, one should pay attention to the candle closure in terms of yesterday’s bar peak. If it happens above it, the rise can lead to a test of the $110-$120 area.
SOL is trading at $99.44 at press time.
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