Solana

As the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency market</a> continues its struggle to remain above the <a href="https://finbold.com/global-crypto-market-cap-battles-to-hold-above-1-trillion-as-fud-sets-in/" rel="noopener noreferrer nofollow">$1 trillion psychological threshold</a>, Solana (<a href="https://finbold.com/cryptocurrency/solana/" rel="noopener noreferrer nofollow">SOL</a>) is feeling the pain as well, and the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> community is trying to get a sense of where its price could be by the end of the third month of 2023.With this in mind, Finbold has consulted the machine learning algorithms at the crypto monitoring platform PricePredictions, and they have set the price of <a href="https://finbold.com/guide/how-to-buy-solana/" rel="noopener noreferrer nofollow">Solana</a> at $19.20 by March 31, 2023, as per the latest <a href="https://pricepredictions.com/forecast/solana" rel="noopener noreferrer nofollow">information</a> accessed on March 7.Should the projections, based on indicators such as relative strength index (<a href="https://finbold.com/guide/rsi-indicator/" rel="noopener noreferrer nofollow">RSI</a>), moving averages (<a href="https://finbold.com/guide/moving-average/" rel="noopener noreferrer nofollow">MA</a>), moving average convergence divergence (<a href="https://finbold.com/guide/macd-indicator/" rel="noopener noreferrer nofollow">MACD</a>), Bollinger Bands (<a href="https://finbold.com/guide/bollinger-bands-definition/" rel="noopener noreferrer nofollow">BB</a>), and others, prove correct, they would mean a <a href="https://finbold.com/percentage-calculator/" rel="noopener noreferrer nofollow">decrease</a> of 5.98% compared to SOL’s price at press time.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2396fad23a7d446bbb7ad5015ff017d5.png" />Solana 30-day price prediction. Source: <a href="https://pricepredictions.com/forecast/solana" rel="noopener noreferrer nofollow">PricePredictions</a><h2 id="header-0">Bearish sentiment and signs of hope</h2>Meanwhile, the one-day <a href="https://www.tradingview.com/symbols/SOLUSDT/technicals/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">gauges</a> at the <a href="https://finbold.com/guides/finance/" rel="noopener noreferrer nofollow">finance</a> analytics platform TradingView indicate a <a href="https://finbold.com/guide/bear-market-definition/" rel="noopener noreferrer nofollow">bearish</a> sentiment for Solana, considering that their summary is in the ‘sell’ area at 13 – the result of moving averages suggesting ‘strong sell’ at 12 and <a href="https://finbold.com/guide/stochastic-oscillator-definition/" rel="noopener noreferrer nofollow">oscillators</a> pointing to ‘neutral’ at 8.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6f3678b4866b43c98652962d90cdb098.png" />Solana one-day sentiment gauges. Source: <a href="https://www.tradingview.com/symbols/SOLUSDT/technicals/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">TradingView</a>Notably, the pessimistic sentiment could be connected with the <a href="https://twitter.com/santimentfeed/status/1630376090748481536" rel="noopener noreferrer nofollow">continued outages</a> on the Solana network. Nonetheless, the <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> has retained the interest of <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">crypto traders</a> and <a href="https://finbold.com/guide/what-is-investing/" rel="noopener noreferrer nofollow">investors</a> over the previous week, as the volume of inflows from Solana-focused <a href="https://finbold.com/topic/investing/" rel="noopener noreferrer nofollow">investment</a> products amounted to $340,000, as CoinShares <a href="https://blog.coinshares.com/volume-121-digital-asset-fund-flows-weekly-report-7dc2151934f5" rel="noopener noreferrer nofollow">reported</a> on March 6.<h2 id="header-1">Solana price action</h2>As things stand, Solana is currently changing hands at the price of $20.42, demonstrating a decline of 1.46% on the day, in addition to dropping 10% in the previous week and 16.13% over the course of the past month, as data indicates.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/e889b2347e85431bbe97a88462e28af1.png" />Solana 7-day price chart. Source: <a href="https://finbold.com/cryptocurrency/solana/" rel="noopener noreferrer nofollow">Finbold</a>That said, the 11th-largest digital asset by market capitalization has advanced over 100% since January 1, as it benefitted from the renewed confidence in the crypto sector that arrived with the year’s turn, according to the charts from March 7.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">Finbold.com</a>.

Machine learning algorithm sets Solana price for March 31, 2023

Tabla de contenidos

Finbold

Otros artículos publicados el 7 mar 2023

Transfer Disclosure (10,001 WEMIX)

Secret Service: Bitcoin ATM Company Involved in Unlicensed Kiosks and Crypto Scams

Reinvestment Function: What Are The Benefits?

Near, Metabora SG Partner for IP-Based Game Development

Trader Sentiment Toward Top Cryptos Is Overwhelmingly Negative

BNB Smart Chain Explained

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!