SOL and ETH Price Analysis for January 28

Sun, 28/01/2024 – 14:20

Cover image via www.tradingview.com

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Most of the coins remain in the green zone, according to CoinMarketCap.

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SOL/USD

The rate of Solana (SOL) has increased by 7.65% since yesterday. Over the last week, the price has risen by 5.67%.

Image by TradingView

On the daily chart, the price of SOL keeps rising after yesterday’s bullish closure. If buyers can hold the gained initiative and the candle closes around the current levels, the upward move may continue to the $100-$105 area next week.

SOL is trading at $98.26 at press time.

ETH/USD

Ethereum (ETH) has gained less than SOL, going up by 1.28%.

Image by TradingView

From the technical point of view, ETH is looking less bullish than SOL even though its price has risen today. A further upward move might only be possible if the rate returns to the $2,350 mark and fixes above it.

Ethereum is trading at $2,284 at press time.

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