At the time of writing SOL is being traded at the rate of $179.26 with a decrease of almost 1.5% within the last 24 hours.
The low within this tenure was around $176.12 and the high was approximately $186.14. The coin as being in the watchlist of many traders makes it rank all the way up to number 5th according to the latest data released by coin market cap.
SOL made its all-time high in the month of November 2021 where it reached an enormous amount of $259.90. At the moment it has a daily volume of $1,693,630,940 with a decrease of about 6.71% within the last 24 hours. The total supply of SOL is now around 511M and the circulating supply is also 308M. It has a dominance of 0.09%.
The top exchanges for trading it are currently Binance, Kucoin, Gate.io.
Technical Analysis – Solana (SOL)
Solana (SOL), the coin that took over the internet has been one of the highest gainers in the market at one point. Just like everything else, the price dropped down and started to create lower lows and lower highs. The price of SOL showed reversal when it failed to create another higher high. SOL had also grabbed liquidity present above which had also provided it with the necessary fuel to drop the price. This left inefficiency in the price which now can drive the price upwards.
Now the price has shown reversal, we can expect SOL to rise up and touch the inefficiency point to fill the gap. From there we can expect a reaction. If the price holds the level, we can expect a higher high. In case the price fails to hold, SOL can drop once again. This would lead the price to the last breaker at which the price had shown reversal before.
Price Prediction – Solana (SOL)
SOL has been one of the most successful and powerful coins. The people have gained a lot, based on this coin. In the long run, traders are highly bullish on the project. The price of SOL has retraced back and is around the same price it had around the month of October. According to the wallet investor, SOL is a good investment. The price of the coin is to reach a value of $551.524 in a year. In five years, the price is expected to reach around $2042.730.
