SOL and BONK Price Analysis for January 16

The correction continues on the cryptocurrency market; however, there are some exceptions to this rule.

SOL/USD

Unlike other coins, the price of Solana (SOL) has increased by 1.34% over the last day.

Despite today’s rise, the rate of SOL has not accumulated enough energy for a bull run. Until the vital $100 zone is reached, there is a chance to see an ongoing drop. Likewise, traders may witness a test of the $85-$90 area soon.

SOL is trading at $96.35 at press time.

BONK/USD

BONK has not followed the growth of SOL, going down by 1.73%.

Today’s slight move has not affected the overall teechnical position of BONK on the daily time frame. At the moment, one should focus on the nearest zone of $0.000013. If a breakout happens there, the correction may conitnue to $0.00001250.

BONK is trading at $0.00001380 at press time.

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