Solana Analysis 24 Hours

Solana Analysis 24 Hours

Read our comprehensive Solana Analysis for the last 24 hours. Also, read about the latest news analysis and the discussion about Solana on Reddit and Twitter

Solana has been one of the worst-performing cryptocurrencies this year as it has lost over 70% of its value since January 2022. Solana’s price in the first week of January was over $170 and now the price of Solana is below $50.

Talking about the last 24 hours, Solana has gained massively in the last 24 hours and now it is trading close to $50. The trading volume is up nearly 20% and the market price of Solana is 10% higher in the last 24 hours. If Solana continues to maintain the current momentum, we may see Solana rising over $50 soon.

The last 24 hours chart of Solana shows the bullish momentum of Solana. The social media sentiment for Solana is also positive and the buzz is higher in the last 24 hours.

Solana Analysis: Last 24 Hours Twitter and Reddit Conversation

Twitter:

Twitter users are not much optimistic about the future of Solana. CoinCodex predicts the price of Solana to fall around 13% in the next 5 days.

However, despite the price of Solana retreating there is very less interest in Solana on social media. The social engagement for Solana has fallen. The net fear and greed for Solana is Neutral currently.

Reddit

Reddit has been almost silent with respect to Solana. There is very less discussion about Solana and its future on the platform. One user on Reddit has pointed out that Solana has been getting a lot of hate and has witnessed a lot of bad press. One user claims that the Solana developers are doing something right which is throwing them under fire of bad press.

Solana Analysis: Last 24 Hours News Analysis

  • Solana is now facing a lawsuit regarding a prospective class action. CryptoLaw founder John Deaton believes that hundreds of class actions may be launched against Solana.
  • Solana‚Äôs (SOL) Price Shows Rejection on 8-Day EMA at $38.51

Solana Video Analysis

YouTube video

Read: When will Bitcoin go back up?

Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.