Solana(sol)market reviews and price predictions
Solana market statement for 2023-05-27
Yesterday the price of sol stood at $19.63. The market capitalization of the asset was $7 676 617 784. Solana’s volatility was established at 0.98%. The trading volume of the coin reached $181 186 113.
Solana prognosis for the next days:
We estimate the price of Solana to be $19.31 tomorrow 2023-06-02 and $20.06 on 2023-06-08;
We estimate the market capitalization of Solana to reach $7 880 160 940 tomorrow 2023-06-02 and $7 774 133 599 on 2023-06-04;
We estimate the volatility of Solana to become 1.66% tomorrow 2023-06-02 and 1.46% on 2023-06-04;
We estimate the trading volume of Solana to amount to $218 167 982 tomorrow 2023-06-02 and $233 505 345 on 2023-06-04.
Our recommendation for the pair SOL/USD for tomorrow, 2023-06-02, to buy.
Bearish response: The Solana price melts by 2% between May 21 and May 27.
The price of Solana was falling last from May 21 until May 27, giving enough reason to conclude that the market is bearish. The volatility associated with the SOL market was low, as were its price fluctuations. The market capitalization of the asset has been decreasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
The bleeding market: Solana loses 6% between May 18 and May 24 as the selling pressure grows.
The downward movement of the Solana price last week indicates the chosen market is bearish. The situation on the SOL market shows that the underlying asset is currently experiencing a period of low volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
The bears stepped up a gear on May 18 - May 24, dropping the price of Solana by 6%.
The price of Solana was falling last from May 18 until May 24, giving enough reason to conclude that the market is bearish. The price swings of SOL pointed to the presence of low volatility. The price action on the coin's market translated to the decline of market capitalization. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Solana slid down by 4% last week (May 17 - May 23) as the sellers pushed back.
Solana has been bearish last week as its price has been predominantly falling. The volatility associated with the SOL market was low, as were its price fluctuations. The asset saw its market capitalization falling over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
Bearish response: The Solana price melts by 3% between May 14 and May 20.
Between May 14 - May 20, Solana has been mostly bearish as its price has been in the falling mode. The price swings of SOL pointed to the presence of low volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of decreased trading volume.
Solana slid down by 3% last week (May 13 - May 19) as the sellers pushed back.
The analysis of last week’s price action shows that the Solana market is in the phase since the price has been moving downward. The situation on the SOL market shows that the underlying asset is currently experiencing a period of low volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin last week took place on the back of decreased trading volume.
Down by 3% : The Solana market saw some bearish action last week (May 13 - May 19).
Between May 13 - May 19, Solana has been mostly as its price has been in the falling mode. The price swings of SOL pointed to the presence of low volatility. The price action on the coin's market translated to the decline of market capitalization. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Slightly bearish : traders witnessed Solana moving down 3% from May 13 till May 19.
Between May 13 - May 19, Solana has been mostly as its price has been in the falling mode. The volatility of SOL has been low throughout the reviewed period in correspondence with the price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of decreased trading volume.
Solana slid down by 3% last week (May 13 - May 19) as the sellers pushed back.
The price of Solana was falling last from May 13 until May 19, giving enough reason to conclude that the market is. The price swings of SOL pointed to the presence of low volatility. The price action on the coin's market translated to the decline of market capitalization. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Solana slid down by 3% last week (May 13 - May 19) as the sellers pushed back.
The price of Solana was falling last from May 13 until May 19, giving enough reason to conclude that the market is. The situation on the SOL market shows that the underlying asset is currently experiencing a period of low volatility. The price action on the coin's market translated to the decline of market capitalization. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.