Solana(sol)market reviews and price predictions

Solana market statement for 2023-01-20

Yesterday the price of sol stood at $22.89. The market capitalization of the asset was $7 934 995 923. Solana’s volatility was established at 8.18%. The trading volume of the coin reached $898 504 341.

Solana prognosis for the next days:

We estimate the price of Solana to be $21.57 tomorrow 2023-01-27 and $18.64 on 2023-02-02;

We estimate the market capitalization of Solana to reach $8 115 325 585 tomorrow 2023-01-27 and $8 176 063 856 on 2023-01-29;

We estimate the volatility of Solana to become 13.77% tomorrow 2023-01-27 and 8.36% on 2023-01-29;

We estimate the trading volume of Solana to amount to $2 301 026 045 tomorrow 2023-01-27 and $1 795 764 621 on 2023-01-29.

Our recommendation for the pair SOL/USD for tomorrow, 2023-01-27, to sell.

Solana(sol)week price prediction
13%
Price
Volatility
Capitalization
Volume
Dec 252023Jan 08Jan 15Jan 22Dec 252023Jan 08Jan 15Jan 22101520101520
Today's review

Solana market stayed flat from January 14 - January 20.

Solana portrayed neutral behavior last week, with no changes in the price. The volatility of SOL has been high throughout the reviewed period in correspondence with the price action. There has been a rise in the market capitalization of the asset during the period under review. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.

Latest reviews

The bulls muster more strength as Solana rises by 50% from January 11 to January 17.

The analysis of last week’s price action shows that the Solana market is in the bullish phase since the price has been moving upward. The situation on the SOL market shows that the underlying asset is currently experiencing a period of high volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.

Solana exploded by 44% in the period of January 10 - January 16 as the buyers got an upper hand.

Between January 10 - January 16, Solana has been mostly bullish as its price has been in the rising mode. The price swings of SOL pointed to the presence of high volatility. The price action on the coin's market translated to the growth of market capitalization. The price action of the crypto coin last week took place on the back of increased trading volume.

January 3 - January 9 market watch: Solana goes up by 29% as buying pressure persists.

The analysis of last week’s price action shows that the Solana market is in the bullish phase since the price has been moving upward. The volatility associated with the SOL market was high, as were its price fluctuations. The market capitalization of the asset has been increasing in concert with the price of the coin. The price action of the crypto coin from last week stemmed from the increasing trading volume.

Solana market outlook from January 2 - January 8 :the price surges by 21%.

The behavior of Solana last week was characterized by the occurrence of upswings. The situation on the SOL market shows that the underlying asset is currently experiencing a period of medium volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. The price action of the crypto coin from last week stemmed from the increasing trading volume.

Market analysis January 1 - January 7 : Solana posts a 32% rally.

Solana has been last week as its price has been predominantly rising. The situation on the SOL market shows that the underlying asset is currently experiencing a period of medium volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.

The bulls muster more strength as Solana rises by 47% from December 29 to January 4.

Between December 29 - January 4, Solana has been mostly as its price has been in the rising mode. The volatility of SOL has been medium throughout the reviewed period in correspondence with the price action. There has been a rise in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.

Solana analysis December 25 - December 31 : bears in all-out attack as the price collapses by 12%.

The analysis of last week’s price action shows that the Solana market is in the bearish phase since the price has been moving downward. SOL was caught in a period of medium volatility, which was reflected in its price action. 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.

The bears had a field day between December 24 and December 30 as Solana got knocked down by 13%.

The downward movement of the Solana price last week indicates the chosen market is bearish. The volatility of SOL has been medium throughout the reviewed period in correspondence with the price action. The price action on the coin's market translated to the decline of market capitalization. The price action of the crypto coin from last week stemmed from the decreasing trading volume.

Solana lost 9% in the period December 21 - December 27 as a result of selling pressure.

The price of Solana was falling last from December 21 until December 27, giving enough reason to conclude that the market is bearish. SOL was caught in a period of low volatility, which was reflected in its price action. 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.

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