Solana (SOL) Price Prediction For The Weekend, Can SOL Hit $70?
Solana has experienced notable growth in the DeFi, NFT, and Web3 markets since its inception in April 2019. Numerous projects are currently being developed on the Solana network, with more expected to emerge soon.
According to information provided on Solana’s official website, the company’s main value proposition is offering low-cost transactions indefinitely. As a blockchain network, it competes directly with other platforms, such as Ethereum. With the whole cryptocurrency market trading in the red, here is our price prediction for Solana for this weekend.
SOL price prediction for this weekend
Various factors, such as market conditions, price action, developments, supply, and use cases, will determine whether Solana’s SOL can shoot up in price this weekend.
Based on SOL’s behavior at the start of 2023, cryptocurrency experts at Changelly offer their price prediction of Solana for this weekend. For this timeframe, SOL’s minimum price is anticipated to be $57.07. The maximum price is expected to reach $69.16. In addition, experts expect that SOL will trade at an average price of $63.34. Changelly experts predict that the Solana price is unlikely to hit $70 in December.
Technical analysis by Cryptonary shows that SOL has lost its main uptrend. The analysis highlighted that if Solana is unable to hold at $59, it could likely drop to $56 and even $52.
According to the latest CoinMarketCap data, Solana is trading at $63.79, with a 6.6% surge in value over the last 24 hours.
