Solana Price Prediction: SOL Shows No Signs Of Recovery, Outlook Remains Negative

Solana Price Prediction: SOL Shows No Signs Of Recovery, Outlook Remains Negative
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May 26th, SOL Solana Price Prediction: For the next few hours, the price of Solana is predicted to trade in the range of $ 46 and $ 48. The Current Outlook is Negative (Positive: 14% Negative: 72%)

The Average Solana Price Prediction 2022 is $ 83.

Latest Price of Solana

Solana Prediction: Performance Chart

Solana has been trading below $50 for the last 48 hours. The trading volume of Solana has crashed in the last 24 hours. It is over 17% down and the market cap is around 4% lower. The social media sentiment for Solana is negative the the Google search volume has also crashed for Solana.

Talking about SOL’s performance, the year 2022 has not been a year to cherish for crypto investors. In 2021 the overall crypto market breached $3 T and for the most part of the year remained over $2.5T. This year the overall crypto market is already below $1.5T losing over 50% value since its all-time high.

For Solana, the year has been worst as compared to the rest of the cryptos. SOL has been one of the worst-performing cryptocurrencies this year. SOL’s all-time high was over $280 which it attained in November 2021. In the first week of January 2022, SOL was trading at over $180 but now the price of 1 SOL is less than $60. Below is the YTD chart of Solana:

SOL YTD Chart

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In the last 7 days, SOL has attempted recovery on a couple of occasions but every time there was a marginal rise in the price of SOL, sell-off happened and SOL price crashed again. In the last 24 hours, the price of Solna has been retreating and there have been no signs of recovery.

SOL Last 7 Days Chart

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Solana BTC ETH ADA
Last 5 Days -5.1% +1.2% -1.9% -3.4%
YTD -73.4% -37.7% -48.6% -62.9%

SOL has lost over 70% of its value since January 2022 and in the last 5 days, SOL has down over 5%.

Crowd’s Voice

Ryan Polk on Twitter: “$SOL goes to the exit of the triangle: Hello everyone, let’s take a look at the $SOL to $USDT chart on the 1 hour timeframe. As you can see, the price moves in the local channel marked by the blue lines. Let’s start with the designation of the support… https://t.co/JTHBzhPPSI pic.twitter.com/Sv57869c66 / Twitter”

SOL goes to the exit of the triangle: Hello everyone, let’s take a look at the $SOL to $USDT chart on the 1 hour timeframe. As you can see, the price moves in the local channel marked by the blue lines. Let’s start with the designation of the support…

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Solana Price Prediction: Today’s Outlook

Indicator Trend
Price Lower
Technical Sell
Market Cap Rank Steady
Google Search Traffic Higher
Trading Volume Lower
Social Media Sentiment Lower
Social Media Buzz Lower

SOL Solana Price Prediction Daily: Technicals

Support Resistance Technical
FXLeaders $ 47 (S3) $ 48 (R1) Sell
Investing.com $ 46 (S3) $ 48 (R1) Sell

Latest Solana Technical Analysis Video

Solana Google Search Interest

Google Search volume for Solana is higher than yesterday [Please move the cursor to the chart to see the latest value and compare it with the same time yesterday]

Read: Cardano Price Prediction

Read CRO Price Prediction

SOL Solana Price Prediction: Market Cap and Volume Data

Metric Value Trend
Market Cap Rank 9th Steady
Current Market Cap $ 16.2 B Lower
Volume Traded in Terms of $ Value $ 1260 M Lower

Solana Price Prediction: Latest Solana Tweets

XBT on Twitter: “$SOL trading the chart. swing shorting this risking 2R. Will cut this early IF we break and hold above 48.64 TP1 37.37TP2 21.15 https://t.co/AKlEdjkpMa pic.twitter.com/ZCT34yhU1T / Twitter”

SOL trading the chart. swing shorting this risking 2R. Will cut this early IF we break and hold above 48.64 TP1 37.37TP2 21.15 https://t.co/AKlEdjkpMa pic.twitter.com/ZCT34yhU1T

Sol Price Prediction: Social Media Buzz

LunarCrush Statistics Volume/ Rank Net Buzz
Social Mentions 26.8 K Lower
Social Engagement 37.1 M Lower

Sol Price Prediction: Social Media Sentiment

Last 7 Days Last 24 hours Trend
Net Social Media Sentiment ($sol) +7.3% +4.9% Lower

Summary of Previous Solana Crash

The previous serious crash lasted 2 months and full recovery took another month.

Crash Period: 2 Months, Recovery Period: 1 Month

  • Price on May 18th: $ 55.91
  • Price on July 20th: $ 23.49
  • Price Recovered by August 16th

How much is Solana worth in 2022?

Solana is likely to deliver nearly 100% returns from today. The average Solana Price Prediction 2022 is $ 160.

Solana Price Prediction 2025

The average Solana Coin Price Prediction 2025 is $ 931

Solana Price Prediction 2030

Solana Price Predictions for 2030 are $ 3000, $ 865, $ 5057, $ 2579, $ 3193 and $ 3678. The average Solana Coin Price Prediction 2030 is $ 3062

Read about Shiba Inu Price Prediction

What is the future of Solana Coin?

Solana has been mentioned by most websites as best cryptocurrency to invest in 2022, Read here. Here are some positives for Solana

  1. Excellent outperformance during the last few months, outperforming the likes of Ethereum and Cardano
  2. Outstanding ecosystem which is focused on applications for Solana
  3. It performs well on many metrics, for example, blockchain speeds
  4. Gas fee that is lower than Ethereum

That said, Solana has encountered multiple security and technical issues in December and January causing the Coin to underperform in January. Unless such issues completely stop occurring, the risk in investing in Solana is higher than Ethereum.

SOL Solana Crypto Price Prediction And Forecast: How to buy Solana Coin?

Solana, the Ethereum killer is gaining with every passing day. Like most of the cryptos, Solana has similar steps to purchase. Here are are the steps for How To Buy Solana Coins”:

Solana NFT Updates

NFTs or Non-Fungible Tokens are digital assets that can provide ownership of certain digital items such as games, art, images, or virtual land as well. NFTs are pretty unique and hence cannot be replaced with anything else. Most of the marketplace of NFTs is dedicated to the Ethereum Network. However, due to the higher gas fee for the minting of Ethereum NFTs, more people are considering switching to Solana NFT.

Some Benefits of Solana NFTs

Solana is another marketplace that is used for NFT transactions and it is certainly more preferable than Ethereum due to the benefits it has that include:

  • Lower gas fees
  • Super-fast speed of transaction
  • The overall growth of the ecosystem of Solana is expanding every single day.

Hence, it is important for people to know more about the best Solana NFT marketplaces. Given below is a list of names that can be considered as the best of the best.

Best Marketplaces for Solana NFTs

When it comes to minting the Solana NFTs, most people are preferring these options instead of the Ethereum network due to the latter charging higher gas fees. So, for those who want to indulge in the NFT marketplace of Solana, the following options are the best.

  • Magic Eden

Known to be the no.1 NFT marketplace for Solana, this is the place where you will easily be able to sell, purchase, and create different NFTs in the best way. The listing fee is 0% and they just charge about 2% for every single transaction that takes place. The creators will also be able to set the royalties and the payment will be done after the sale takes place.

Magic Eden provides support to almost every single one of the Solana Wallets starting to Slope to Phantom. Other Solana wallets such as Solflare, Ledger, Clover, MathWallet, and Solong are also included.

  • Solanart

Another one of the very popular names in the Solana NFT marketplace would have to be Solanart. This amazing marketplace just charges a fee of about 3% for every single NFT that is sold. Not just that but the creator will also be able to set their very own fee in the best way.

The collections present in Solanart include Aurora, Ape Academy, Solpunks, as well as Galactic Gecko Space Garage. Several Solana wallets also have the support of Solanart such as Solflare, Clover, Phantom, Slope, Sollet, MathWallet, Ledger, etc.

  • Solsea

If you are a member of the Solana NFT marketplace then you have probably heard about Solsea, right? It is basically the first Solana NFT marketplace that would allow the creators to properly mint, sell, or buy the NFTs that they want.

There is also a rarity rank introduced with the NFTs that are created here along with SPL tokens and NFT compatibility. Solsea also supports different Solana wallets like Sollet, Solflare, and Phantom. For every single SFT sale, this marketplace charges just 3% of the entire transaction amount. Also, there are no listing fees as well.

  • DigitalEyes

Known to be the very 1st open NFT marketplace of Solana, DigitalEyes has managed to make quite a name for itself. The top collections in this particular Marketplace are Degenerate Ape Academy, Galactic Gecko Space Garage, Aurora, Frakt, and much more.

There is an option known as the Mint Calendar with the help of which you will also be able to witness the Launches and drops in NFTs. Solana wallets that are supported by DigitalEyes include Sollet, Phantom, Slope, Solong, Solflare, as well as MathWallet.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

Crowdwisdom360 Crypto Predictions Page

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grobi
grobi
8 months ago

btw the term is “weather the storm” not “Solana was able to wither away the storm”.

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