Bitcoin’s price has dropped by nearly 10% over the last week. Solana is one of the bearish altcoins that has responded to Bitcoin’s price drop. It currently trades at $130. It was trading at $120 when the token first dropped, but it is now up by 3% compared to other cryptos.
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Solana price forecast for this weekend
The current bull-season has seen a significant drop in prices for several altcoin tokens. Solana was no exception and fell to $120 earlier in response to current market sentiment.
The token recovered quickly its losses and surged to $130. This triggered a massive wave of liquidations.
The following is a list of CoinCodexThis week, Solana’s price will be subject to significant upswings and downswings. After May 9, the token’s price may rise above $131.64.
“The SOL price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these SOL projections, SOL will be changing hands at $131.64 on May 9, 2024, gaining 0.96% in the process.”
SOL is likely to continue its leveling this weekend by trading at $130 or more by May 4th.
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Solana price forecast for May
Solana has been one of the most exciting crypto currencies to surge this year. SOL’s ecosystem has been dubbed the nucleus for token activity. This will help SOL recover its lost momentum.
CoinCodex predicts that Solana’s price will eventually catch up to the market by May 2024. It is expected to increase by 14 percent to $141.
“According to our current SOL price prediction, the price of SOL is predicted to rise by 14.17% and reach $148.86 by June 1, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 43 (fear). Solana recorded 13/30 (43%) green days with 11.91% price volatility over the last 30 days.”
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
