SOL Solana Price Prediction And Forecast: Solana Turns Positive, Will it Last?
SOL Solana Price Prediction Daily: Current Prices
The current price of Solana is $ 144.02 which is 1.57% higher than 24 hours ago. Solana fails to recover.
SOL Solana Price Prediction Daily: Technicals
SOL Solana Price Prediction And Forecast: How China’s Real Estate Collapse Affected Solana?
Solana has been one of the best performing Crypto despite other coins crashing in the first week of September. However, things changed completely for Solana since September 14 when Solana experienced a network outage. The network outage led to the crashing of the price of Solana and within few days Solana has lost $20 billion in market cap.
Now, Solana experienced one more crash, this time due to the Evergrande, China’s second-largest property developer which is on the brink of collapse and is billions of dollars in debt. The Crypto market plunged over $344 billion in the last 24 hours. Solana could not be an exception. In comparison to Bitcoin, Cardano recorded an even sharper fall.
With support just below $125, Solana may see the next slide if the market condition fails to improve.
Solana Crypto Price Prediction
There has been a sign of recovery in the exchange price of Solana. The altcoin has been able to maintain its support price and today surged to above $ 165
SOL Solana Price Prediction And Forecast: Should you invest In Solana?
Solana Price Prediction 2021 – ATH – SOL Price Prediction – Should I Buy Solana or Should I Buy SOL?
Recently Solana became the best performing Crypto, however, Solana seems to have been the victim of its own success. The rise of Solana was stalled after it faced a five-hour-long network outage on Tuesday. After the network outage, Solana has not been able to recover and from over $200 it is now trading around $ 170 after recovering today.
However, despite a price drop, one should not forget that Solana is still one of the best performing crypto. It has become the main rival of Ethereum. Solana has made particular inroads with NFTs. Added to it, Institutional Investors are now moving to Solana as Bitcoin And Ethereum have started losing steam.
Therefore, it is suggested to buy the dip as Solana may rise anytime.
SOL Solana Price Prediction And Forecast: Solana to hit $200 Again?
In December 2019, Solana was trading just over $1. Two years down the line, the coin is currently trading over $150. Recently the coin hit an all-time high of $220 before crashing back below $200.
In last few days, Solana has been trading negative. XRP overtook it in terms of market cap once again. However, the analysts are positive about Solana. They expect Solana to hit $200 once again. The demand for Solana has risen. The total weekly inflow of Solana has increased by 86.6% over the past week.
Analysts are of the opinion that Solana is correcting itself before it once again rises.
SOL Solana Price Prediction And Forecast: Where is Solana Heading?
In the last 30 days, Solana has seen a 300% rise in its trading value. Last week when the crypto market saw one more crash, Solana was able to wither away the storm.
In the last few days, the demand for Bitcoin and Ethereum has flattened while Solana there has been increasing demand. A crypto analyst, Smart Contracter predicts the price of Solana is en route to a new all-time high. As per them, Solana may soon see a $300 price.
In the last week, Solana has seen a weekly inflow of a whopping 86.6%. Investors are positive about Solana more than other cryptos.
HOW DEEP IS THIS PULLBACK FOR SOLANA?
SOL Solana Price Prediction And Forecast: Recent Performance
In the last 3 three weeks, Solana has gained over 3 times its price. On August 15, Solana was at $45 and now the price of Solana is over $175. The rise in the price of Solana has taken the market cap of Solana to $42 billion from $14.6 billion 3 weeks ago.
Solana has become the fastest growing cryptocurrency and currently, it has overtaken Dogecoin to become the 7th largest Cryptocurrency in the world. Solana is currently behind XRP which is the 6th largest cryptocurrency in the world.
SOL Solana Price Prediction And Forecast: Why is Solana Rising?
This year Solana has been one of the best performing cryptocurrencies and in the last week despite most of the prices of the crypto witnessing a price plunge, Solana was able to weather the plunge to a great extent.
This year alone Solana has gained more than 13,000% Year-To-Date. On the 9th of September, a whopping 1.43M Solana tokens were traded which is above the 20-days volume of 1.12M. The intraday trading volume of SOLANA has increased by 32% in the past 24 hours. This clearly indicates strong buying pressure. The investors are showing high interest in Solana as compared to other coins.
The investors who couldn’t jump on the Ethereum bandwagon are trying to try their luck with SOL and expecting a similar result as that of ETH. SOL’s involvement with Defi and NFT is also one of the major reasons which makes it a good buy. Shark Tank’s Kevin O’Leary, in a recent interview, stated that DeFi apps are expected to take over the financial market and if the said information is true then it will change the fortune of SOL investors.
Currently, Support for Solana is $147 and the Resistance is $204.
Solana price prediction – JP Morgan warning
Solana Price Prediction Daily: Updates
- Finance Redefined: DeFi’s $4M lobsters and Solana gaming, Sept. 6–10
- Solana’s Community Is Sizzling With Boisterous Activity
- Here’s why conditions are highly favorable for Solana right now
- Over $2.5 Billion USDC Now Circulates on Solana
- What’s behind the Solana price surge – and what do technicals say about its prospects?