Solana Price Prediction: SOL Outlook Worsens, Will it Crash Below $50?

Solana Price Prediction: SOL Outlook Worsens, Will it Crash Below $50?
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May 21st, SOL Solana Price Prediction: For the next few hours, the price of Solana is predicted to trade in the range of $ 48 and $ 51. The Current Outlook is Negative

The Average Solana Price Prediction 2022 is $ 83.

Latest Price of Solana

Solana Prediction: Performance Chart

SOL price has been trading slightly over $50 for the last few days. SOL has shown almost no signs of rising higher. In the last 24 hours, SOL has been trading lower, at one point SOL did rise marginally and went over $53 but soon the price fell once again and now the price of SOL is hovering between $49 and $51.

In the last 7 days, there has been an attempt to breach $60 a couple of times but with a lack of sufficient volume, SOL failed to breach $60.

Solana has once again lost its market cap rank. 24 hours ago SOL was ranked 8th while now SOL is ranked 9th in terms of market cap.

In the last 24 hours, the market cap of SOL has declined by over 3%, the trading volume is down nearly 5%. The market sentiment for Solana is highly bearish and the social media buzz for SOL has crashed.

SOL 24 Hours Chart

image 229
Solana BTC ETH ADA
Last 5 Days -7.2% -2.1% -2.8% -6.5%
YTD -72.2% -38.8% -47.9% -62.2%

SOL’s ATH has been over $260 and in the first week of January 2022, SOL was trading at over $180. In the last 5 months, SOL has lost over 70% of its value and now the price is trading at just over $50. It has been one of the worst-performing cryptocurrencies.

Crowd’s Voice

CryptoPickk on Twitter: “Another concerning altcoin… $SOL – #Solana. Unless price can break out of the right side resistance trend line and create a HH/HL market structure, I don’t think it’s headed up. I see a 50%+ dump coming on Solana. Be careful please. Not financial advice! #altcoins #cryptos pic.twitter.com/JZZqIRfOAA / Twitter”

Another concerning altcoin… $SOL – #Solana. Unless price can break out of the right side resistance trend line and create a HH/HL market structure, I don’t think it’s headed up. I see a 50%+ dump coming on Solana. Be careful please. Not financial advice! #altcoins #cryptos pic.twitter.com/JZZqIRfOAA

Click here to participate in our Best Crypto to buy now Poll. Takes 25 seconds, One Question.

Solana Price Prediction: Today’s Outlook

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

SOL Solana Price Prediction Daily: Technicals

Support Resistance Technical
FXLeaders $ 49 (S3) $ 51 (R1) Sell
Investing.com $ 48 (S3) $ 51 (R1) Sell

Latest Solana Technical Analysis Video

Solana Google Search Interest

Google Search volume for Solana is lower 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 Lower
Current Market Cap $ 16.9 B Lower
Volume Traded in Terms of $ Value $ 1789 M Lower

Solana Price Prediction: Latest Solana Tweets

Originally tweeted by Freddy Castro (@fcastro80) on May 21, 2022.

This chart of $SOL reminds me of the importance of taking profits and control the losses with proper risk management.
Although @solana is an outstanding project, Bear Market doesn’t respect anything.
#altcoin #SOL #cryptocurrency #cryptotrading #BTC #ETH

Originally tweeted by Solana Fear & Greed Index (@SolanaFear) on May 20, 2022.

Solana Fear and Greed Index is 24. Fear
Current price: $52

FTKNtJKWYAE rHW

Sol Price Prediction: Social Media Buzz

LunarCrush Statistics Volume/ Rank Net Buzz
Social Mentions 7.5 K Lower
Social Engagement 5.7 M Lower

Sol Price Prediction: Social Media Sentiment

Last 7 Days Last 24 hours Trend
Net Social Media Sentiment ($sol) +6% +5.9% Steady

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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