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Solana(SOL) Price Prediction Weekly: SOL Price Could Shed 10% By the End of this Week

SOL Price

Key Takeaways:

Solana Price Analysis:  Will SOL Price May Hit INR 8500 This Week?

Solana’s price ever since dropped from INR 10,500 in the first few days of April, maintaining a consolidated trend of INR 8000 and INR 7200. No doubt it managed to rise to INR 8500 but it remained short-lived. Moreover, over the past seven days, the SOL price has reduced its volatility drastically, hence accumulating strength. 

The upcoming weekend and also month-end may be within the consolidated range and if the asset receives a strong boost, it may mark a bullish close. Else, SOL price may hover around INR 7500 or it may rise maximum to INR 7750. Only a larger bullish push may assist the price to hit INR 8000, while INR 8500 may be achieved shortly.

Check out the Latest Prices, Charts, and Data of  SOL/USDT.

Solana Price Prediction: SOL Price Trend Comparison with SRM (Last 30 Days)

Source: Tradingview

 

Serum(SRM) is a popular DeFi ecosystem built on the Solana blockchain. Both the assets display their independent trend from the beginning of April without competing among themselves. No doubt both the prices followed a significant depleting trend since the beginning of April but maintained a safe distance in between. 

The SOL/USDT after ranging to 33.40% and dropped to the average levels and currently is ranging below around -5.25%. On the other hand, the SRM/USDT dropped even harder from 12% and currently smashed -32.87% at the press time.

Additional Read: Dogecoin Price Prediction Weekly

Correlation of SOL/USDT and SOL/BTC (Last 30 Days)

Source: Tradingview

Solana with both the trading pairs began with the April months trade on a huge bullish note But both the asset dropped down the cliff the very next moment to reach their respective initial positions. Further despite both following a notable consolidation, the BTC pair maintained its dominance over USDT.

The SOL/USDT pair had peaked at 33.65% and dropped down to -6.82% and currently hovering around -5.24%. On the other hand, the SOL/BTC pair reached the highs around 28.47% above the average levels and quickly dropped to 7.38% and currently trading around 5.67% at the press time.

Check out the Latest Prices, Charts, and Data of  SOL/USDT.

Top Gainers & Losers of the Week

Top Gainers

Crypto Price* 7-Day Percentage Change
Chromia(CHR/USDT) INR 33.63% +8.43%
dYdX(DYDX/USDT) INR 364.67 +7.98%
PancakeSwap(CAKE/USDT) INR 654.12% +7.96%
Apecoin(APE/USDT) INR 1734.56 +8.01%

Top Losers

Crypto Price* 7-Day Percentage Change
0x (ZRX/USDT) INR 11.62 -11.62%
The Graph(GRT/USDT) INR 28.93 -8.32%
Waves(WAVES/USDT) INR 1245.33 -6.40%
Celer Netwrok(CELR/USDT) INR 3.36 -4.91%

*Prices are of 29 April 2022 at the time of writing the article

What’s New on CoinDCX? New Coin Listings on CoinDCX App

Crypto Price*
Waves(WAVES/USDT) INR 1240.45
Mina(MINA/USDT) INR 159.77
Apecoin(APE/USDT) INR 1724.41
Coti(COTI/USDT) INR 17.62

*Prices are of 27 April 2022 at the time of writing the article.

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The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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