Attention! Explained! Year-End Price Forecast For Solana From Artificial Intelligence! Here is the Stunning Report!
While the crypto money market is going through a turbulent period, investors are wondering at what level Solana (SOL), which has taken a big hit recently, will be at the end of the year.
Solana Estimate from PRICEPREDICTIONS!
One of the projects that was most affected by the chaos caused by FTX founder Sam Bankman-Fried was SOL. SOL, which was at the level of 37 dollars just before the collapse of the FTX, experienced a nightmare due to unprecedented selling pressure. The LEFT, which has lost value since the collapse, has fallen to the fifteenth place in terms of market value, falling to $ 12. But since investors are still interested in SOL, it continues to rival Ethereum in NFT transactions. Solana had risen by 5% after the low inflation data from the USA yesterday. Pricepredictions machine learning algorithms from leading platforms based on moving average (Ma), relative strength index (RSI), the Moving Average Convergence iraksamas (MACD) and Bollinger Bands (BB) estimated by using indicators such as the price is left to the end of the year explained.
According to the platform, Solana will be traded at $ 12.81 on December 31, 2022. SOL is currently trading at $ 13.90. This implies a decrease of 7.2%. The cryptocurrency community at CoinMarketCap estimates that SOL will be trading at an average price of $15.61 at the end of the year. According to the data obtained from CoinMarketCap, Solana’s total market capitalization is 5,04 billion dollars. Solana is trading at $13.90 as of now, up 4.94% in the last 24 hours and down another 1.53% in the previous seven days. while the area around the 12,65 dollar acts as a support level, the 14 and 16 dollars are an important resistance zone.
LEFT: Opportunity to Buy from the Bottom!
The cryptocurrency market has lost more than $1 trillion in value since the beginning of 2022. The S&P 500 is down 21% this year. Due to the Federal Reserve’s policy of aggressively raising interest rates in order to combat inflation, the entire cryptocurrency market, especially Bitcoin (BTC), has taken a heavy hit. While the FTX crisis pulled Bitcoin to the 15.000 dollar levels, Solana (SOL), which is 95 percent away from its peak, was also the crypto currency most affected by the current crisis with the FTT.
The bankruptcy of FTX also caused Solana to lose value significantly. As a result, the LEFT fell below $ 15. Behind this drastic correction are the SOL coin sales made by FTX and Alameda. According to experts, when we study bear markets, investors who took the bottom often turned out to be profitable. In such an environment, Solana also looks attractive at the moment.
Are you following our Telegram address?