Solana

Sensei

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-predict-solana-price-trends-for-december/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analysts Predict Solana Price Trends for December</a> 
Solana’s price has undergone a significant correction since reaching a record high of $263 in November. Predictions from <a href="https://en.coin-turk.com/sygnum-bank-reports-profit-after-significant-increase-in-crypto-trading-volumes/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> analysts indicate that the price decline may continue in the short term.
<h2 id="how-much-further-can-solana-drop">How Much Further Can Solana Drop?</h2>
Crypto analyst Crypto Sensei shared insights suggesting that Solana’s price could decline to $167 by the end of December. The analyst noted that Solana is moving towards the 200 Exponential Moving Average (EMA) level.
<blockquote>
 “I believe Solana’s price could drop to $167 by the end of December.” – Crypto Sensei
</blockquote>
The chart followed by the analyst indicates that this 200 EMA level is situated at $167.
Another <a href="https://en.coin-turk.com/current-predictions-for-avax-and-sei-cryptocurrencies-amid-market-corrections/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto analyst</a>, Fred, also expressed concerns over Solana’s price, indicating a risk of further decline by year-end. Fred stated that SOL is approaching a critical decision point.
<blockquote>
 SOL is close to a critical decision.
</blockquote>
<h2 id="comments-on-sol-coin">Comments on SOL Coin</h2>
Despite the negative outlook, opportunities for upward movement in Solana’s price were highlighted. VanEck forecasts that Solana could reach $500 next year, while Bitwise anticipates a rise to $750.
Asset management firm Lucky pointed out that the current sideways market environment offers more opportunities to buy Solana.
<blockquote>
 “Solana is in a buying zone and I predict it could reach a level between $400 and $500 in this cycle.” – Lucky
</blockquote>
The differing opinions among analysts suggest that while Solana may experience fluctuations in the short term, it has growth potential in the long run. Overall market conditions and technological advancements could impact Solana’s future price movements.
Recent evaluations indicate that Solana may maintain its significant position in the <a href="https://en.coin-turk.com/bithumb-adds-new-trading-pairs-for-ar-and-ens/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a> due to its resilience and innovative projects.
The post <a href="https://en.coin-turk.com/analysts-predict-solana-price-trends-for-december/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analysts Predict Solana Price Trends for December</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Analysts Predict Solana Price Trends for December

Table of Contents

COINTURK NEWS

Other articles published on Dec 27, 2024

SuperEx丨Only 4 days left until 2025: Gains and Losses in the 2024 Cryptocurrency Market

TON Ecosystem Expands with Stablecoins, DEX Growth in 2024

Bitget announces token merger, BGB price increases amid market-wide declines

Africa loses $1.6bn daily to illegal cross-border financial flows – AfDB

Top Coins To Join for Short Term: 6 Coins To Watch for Life-Changing ROI in 2025

Bonk Price Drops 7% Even After The BURNmas Removes $51 Million Worth Of Tokens From Circulation

Join our free newsletter for daily crypto updates!