Solana Price Analysis: 71% Predict Solana Will Breach $50 in August

Solana Price Analysis: 71% Predict Solana Will Breach $50 in August

Read our comprehensive Solana Price Analysis. Also, read about the latest news analysis and the discussion about Solana on Reddit and Twitter

The overall crypto market has recovered marginally in the last 24 hours. Almost all the major cryptocurrencies are up in the last 24 hours. Solana after the latest hack was trading lower, but now it is marginally up. However, the price of Solana remains below $40 as of now. If the current momentum continues, Solana may breach $40 in the next few hours.

Some factors aiding the rise of Solana in the last few hours are:

  1. The trading volume, that has been up in the last 24 hours has helped the price of Solana to surge.
  2. The Google search volume for Solana is higher which has directly led to higher trading volume.
  3. The social media sentiment for Solana is higher in the last few hours.
  4. The technical for Solana is positive and it has changed from Sell to Buy in the last few hours.
  5. The overall market sentiment is favorable for the rise of Solana.

Solana remains the 9th largest cryptocurrency in terms of market cap. The overall market cap of Solana is $13.70 B*. In the last 24 hours, the net social media sentiment for Solana has changed from negative to positive.

Solana Price Analysis: Total Market Cap and Trading Volume

ValueTrend
Market Cap $ 13.70 BHigher
Trading Volume$ 1.85 BHigher

Solana Price Analysis Twitter Buzz

Originally tweeted by OTBalance (tweets ≠ financial advice) (@BalanceOt) on August 4, 2022.

YOUR PRIVATE TRADING ASSISTANT 🚀

#AI look at hourly charts $SOL #SOL

Medium-term down-move from 45.28 has made a temporary bottom at 37.48 on 2022/08/03 at 0 am and for the…

Just choose your coin and be an expert!
#crypto #trading

CHECK

Latest Solana Price

Solana Price Analysis: Reddit Discussion

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.

Cardano Price Prediction