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Home Altcoin News

Solana Price Forecast As SOL Increases 20% In A Week

Hania by Hania
July 5, 2023
in Altcoin News, Crypto Price Predictions
Reading Time: 2 mins read
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Solana Price Forecast As SOL Increases 20% In A Week
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Solana (SOL) has recently seen significant gains, especially over the past week, as the decentralized finance (DeFi) asset exhibits strong upward momentum. 

SOL’s price is getting close to a turning point as it strives to cross the crucial $20 level. As Solana seeks to overcome this significant resistance level and continue its upward journey, investors and market watchers pay close attention to its price movement.

According to Finbold’s in-depth study, SOL’s price is currently $19.31, representing a slight but noticeable increase of 1.02% over the previous day. The true story, however, unfolded over the previous week, during which Solana saw a remarkable increase of 20.87%.

Solana Price Forecast As SOL Increases 20% In A Week
Source: Finbold

Solana is placed ninth with a positive performance comparable to the token sale price, with 18 green days (60%) in the previous 30 days. 

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Read More: SOLANA Price Prediction 2023 – 2030

SOL has experienced a substantial decline of -46% over the past year, falling below 86% of the top 100 crypto assets during this time. This point of view highlights the importance of taking caution and doing a thorough analysis while assessing Solana’s longevity in business.

Solana (SOL) predictions

According to CoinCodex’s Solana price prediction, the price of SOL will fall by -11.01% and reach $ 17.16 by July 10, 2023.

Solana Price Forecast As SOL Increases 20% In A Week
Source: CoinCodex

The price of Solana is expected to trade at $25.52 in 1 month, according to technical quantitative indicators.

The platform’s technical indicators indicate that the current sentiment is “Bearish,” and the Fear & Greed Index is currently reading “61” (Greed). Technical indicators point to a possible reason for caution. Trading below the 200-day simple moving average, Solana demonstrates signs of being overbought, indicating a possible impending market correction.

Disclaimer: Nothing on this website should be regarded as investment advice. Investing involves a high degree of risk and uncertainty. When you invest, your money is at stake.

Tags: decentralized financesol price predictionSolana (SOL)
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Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

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