Price Predictions

Solana (SOL) Price Prediction: SOL Primed For a 12% Drop This Weekend!

Solana Price PRediction

Key Takeaways:

  • The Solana (SOL) price closed the previous day’s trade at INR 8051.83 with a market capitalization of INR 3483 Cr and a circulating supply of 33,29,80,270.33 SOL
  • The price is closely consolidating within narrow ranges from a couple of days and hence may gain strength to pull a massive leg up

Solana Price Analysis:  Will SOL Price Hit INR 12,000 in April?

The SOL price is accumulating strength by consolidating heavily along with INR 8000 in the past couple of days. And hence with a bullish breakout, the price may slice through the INR 9000 levels to reach the INR 10,000 levels at the earliest. These levels need to be sealed to explode beyond the monthly highs around INR 11,000. Once these levels are sealed, the SOL price may close the monthly trade at INR 12,000 which appears pretty unlikely at the moment.

Solana Price Prediction: How High Will SOL Price Go in 2022?

After slashing the descending trend, the SOL price ignited a notable upswing from the mid of March. Regardless of the current consolidation and the upcoming corrections, the SOL price appears primed to test the crucial resistance at INR 10,000 initially and later at INR 12,500 in Q2.

Yet in the larger time frame, the price may achieve INR 21,500 to INR 23,000 to mark new highs by the end of 2022. On the other hand, in case of any corrections and retests, the price may drop down below INR 18,000 to close the yearly trade.

Solana Price Analysis: SOL Price Table (Last 07 Days) 

Date All-Time High All-Time Low Market Capitalization
15 April 2022 INR 8185.6  INR 7931.97 INR 3483 Cr
14 April 2022 INR 8500.00 INR 7886.66 INR 3411 Cr
13 April 2022 INR 8353.59 INR 7900.00 INR 3385 Cr
12 April 2022 INR 8642.49 INR 7850.00 INR 3373 Cr
11 April 2022 INR  8927.60 INR 7850.00 INR 3359 Cr
10 April 2022 INR 9168.03 INR 8739.00 INR 3792 Cr
09 April 2022 INR 9007.18 INR 8160.02  INR 3617 Cr

Solana Price Prediction: SOL Price Trend Comparison with LUNA & ADA (Last 30 Days)

Source: Tradingview

Solana, Cardano & Terra are the 7th, 8th, and 9th largest crypto assets respectively as per the market capitalization. Among the three, Terra(LUNA) price maintained a significant uptrend and strength. However, since the beginning of April’s trade, all the three assets plunge heavily and maintain a trend close to each other. 

The Solana price after rejection from 50% is now trading around 10.86% and on other hand, Terra’s price slipped from 60% to as low as 8.64%. And Cardano price held its rally close to 35% for a long time and finally slashed down to 7.05% at the press time. 

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

Source: Tradingview

Solana trades with both the pairs are currently lowered largely but are attempting to flip the narrow trend and surge high. SOL/USDT & SOL/BTC both pairs traded with a minimal difference between them until the beginning of April. Despite a huge upswing, the USDT pair plunged hard and now trading close to the BTC pair. 

The SOL/USDT  surged high to hit 52% and currently settling around 10.88%. On the other hand, the SOL/BTC pair ignited its rally from 10% and jumped to 28% and presently trading at 7.84%. 

Where & How to Buy Solana (SOL) Coin

Buying Solana is very easy on CoinDCX, where you can grab the best deals. Just download the CoinDCX App on your smartphone and follow the further instructions. Once your entered data is verified, fund your wallet and buy Solana

If you are keen on starting SIP in crypto then CoinDCX’s Crypto Investment Plan may be the best way to invest. With easy weekly payments, one can invest in their desired tokens with ease. Therefore, start investing in Bitcoin & other cryptos with Crypto Investment Plan now!


Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to .
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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