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The recovery of the crypto market forces members of the crypto community to predict prices for the largest altcoins, including Solana (SOL).
Based on 1,062 votes from CoinMarketCap users, it was concluded that Solana will reach an average price of $21.8 on March 31, 2023. If the community’s predictions come true, this would mean an increase of 7.46% or +$1.513 from SOL’s March 17 price of $20.28.
Solana price forecast for the end of March. Source: CoinMarketCap
However, the community’s optimism for Solana does not line up with one-day sentiment indicators based on technical analysis on financial tracking website TradingView.
The summary is largely “neutral” at level 10 based on oscillators indicating “buy” at level 2 and moving averages in the “neutral” zone at level 1 (indicating both “sell” and “buy” at level 1). level 7).
One-day trading indicators SOL. Source: Trading View
On the evening of March 17, the Solana cryptocurrency was trading at $20.28 with a daily gain of 3.58% and a weekly gain of 17.35%.
Solana 7-Day Chart
The success of the SOL forecast will depend on macroeconomic factors, the upcoming transfer of the Helium Network (HNT) to the Solana blockchain, and other factors.
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