Solana is Trading 27.17% Above Our Price Prediction for Jul 11, 2023

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• Solana is up 6.94% right now in opposition to the US Greenback
• SOL/BTC elevated by 7.63% right now
• SOL/ETH elevated by 8.27% right now
• Solana is at the moment buying and selling 27.17% above our prediction on Jul 11, 2023
• Solana gained 0.24% within the final month and is down -43.52% since 1 yr in the past

SOL value is predicted to drop by -21.37% within the subsequent 5 days in keeping with our Solana value prediction

is buying and selling at $ 20.26 after gaining 6.94% within the final 24 hours. The coin outperformed the cryptocurrency market, as the entire crypto market cap elevated by 6.25% in the identical time interval. SOL carried out effectively in opposition to BTC right now and recorded a 7.63% acquire in opposition to the world’s largest cryptocurrency.

Based on our Solana value prediction, SOL is predicted to achieve a value of $ 15.93 by Jul 11, 2023. This could symbolize a -21.37% value lower for SOL within the subsequent 5 days.

SOL Worth Prediction Chart

Purchase/Promote Solana

What has been occurring with Solana within the final 30 days

Solana has been displaying a constructive pattern lately, because the coin gained 0.24% within the final 30-days. The medium-term pattern for Solana has been bearish, with SOL dropping by -3.19% within the final 3 months. The long-term image for Solana has been damaging, as SOL is at the moment displaying a -43.52% 1-year value change. On at the present time final yr, SOL was buying and selling at $ 35.87.

Solana reached its all-time excessive value on Nov 06, 2021, when the value of SOL peaked at $ 259.52. The present SOL cycle excessive is $ 27.16, whereas the cycle low is at $ 8.12. SOL has been displaying low volatility lately – the 1-month volatility of the coin is at 9.34. Solana recorded 19 inexperienced days within the final 30 days.

Solana technical evaluation for right now – Jul 06, 2023

The sentiment within the Solana markets is at the moment Impartial, and the Worry & Greed index is studying Greed. A very powerful assist ranges to look at are $ 18.74, $ 18.29 and $ 17.96, whereas $ 19.53, $ 19.87 and $ 20.32 are the important thing resistance ranges.

Impartial sentiment for Solana

18 indicators are at the moment signaling a bullish prediction for Solana, whereas 9 indicators are displaying a bearish forecast. With 67% of indicators favoring a constructive prediction. This ends in an total Impartial sentiment for Solana.

Crypto market is at the moment experiencing Greed

At present, the Worry & Greed index is at 56 (Greed), which alerts that traders have a constructive outlook available on the market. The Worry & Greed index is a measure of sentiment amongst cryptocurrency traders. A “Greed” studying means that traders are at the moment optimistic in regards to the cryptocurrency market, however will also be a sign that the market is overvalued. A “Worry” studying, alternatively, alerts that traders are at the moment hesitant in regards to the cryptocurrency market, which probably represents a shopping for alternative.

Solana transferring averages & oscillators

Let’s check out what a few of the most vital technical indicators are signaling. We’ll be going by means of key transferring averages and oscillators that may enable us to get a greater concept of how Solana is positioned out there proper now.

The Relative Energy Index (RSI 14) is a extensively used indicator that helps inform traders whether or not an asset is at the moment overbought or oversold. The RSI 14 for Solana is at 76.99, suggesting that SOL is at the moment overbought.

The 50-day Easy Transferring Common (SMA 50) takes under consideration the closing value of Solana over the past 50 days. At present, Solana is buying and selling beneath the SMA 50 trendline, which is a bearish sign.

In the meantime, the 200-day Easy Transferring Common (SMA 200) is a long-term trendline that’s calculated by taking a median of the SOL closing value for the final 200 days. SOL is now buying and selling above the SMA 200, signaling that the market is at the moment bullish.

The underside line about this Solana prediction

After contemplating the above components, we will conclude that the present forecast for Solana value prediction is Impartial. SOL must lower by -21.37% to hit our $ 15.93 goal throughout the subsequent 5 days. Transferring ahead, will probably be vital to watch the SOL market sentiment, the important thing assist and resistance ranges, and different metrics. Nevertheless, we’ve to understand that the cryptocurrency markets are unpredictable, and even the biggest crypto belongings show a variety of value volatility. For long-term Solana value predictions click on right here.

Disclaimer: This isn’t funding recommendation. The knowledge offered is for common functions solely. No info, supplies, companies and different content material offered on this web page represent a solicitation, suggestion, endorsement, or any monetary, funding, or different recommendation. Search impartial skilled session within the type of authorized, monetary, and monetary recommendation earlier than making any funding resolution.