As 2022 draws to a close, Solana (SOL) remains heavily impacted following the devastating meltdown of the Krypto Austausch Plattform FTX. With long-standing support from FTX founder Sam Bankman-Fried and a high November trading price of $37 just before the crisis, SOL found itself the focus of intense selling pressure.
However, since the crash, the DeFi asset has managed to maintain a floor price above $12, and it is still the fifteenth largest cryptocurrency by market value. Additionally, it continues to rival Ethereum in NFT Transaktiounen since investors are still interested in SOL.
Spannen, trotz Solana's 5% price gain as of December 13, the machine learning-based algorithms at Präis Prognosen, wat Faktor an Indicateuren wéi getraff (MA), dir. relativ Stäerkt Index (RSI), bewegend Duerchschnëtt Konvergenz Divergenz (MACD), Bollinger Bands (BB), and others, suggest that SOL’s value will decrease by the end of the month.
Per this prognostizéiert, Solana is set to trade at $12.81 on December 31, 2022, representing a decrease of 7.2% compared to its price of $13.81 at press time.
Et sollt och bemierkt ginn datt d'Prognosen vun de Maschinnléiere Algorithmen méi niddereg sinn wéi déi vun de Krypto Gemeinschaftsmemberen iwwer um CoinMarketCap, which estimates that SOL will trade at a median price of $15.61 as data retrieved by Finbold on December 13.
Solana Präis Analyse
The total market capitalization of Solana stands at $5.04 billion, according to data acquired by Finbold from CoinMarketCap. Currently, Solana is trading at $13.81, up 4.94% in the last 24 hours and down a further 1.53% across the previous seven days. The area around $12.65 acts as a support level, while $14.16 is a resistance zone.
On top of the daily price increase, things are also looking mixed in terms of SOL’s 1-day technesch Analyse (TA), the summary of which is firmly in the ‘neutral’ position at 10 (as opposed to 7 for ‘buy’ and 9 for ‘sell), based on Oszilléierer weist op 'kaafen' op 2 an réckelen Duerchschnëtt (MA) also indicating ‘sell’ at 0.
All in all, it is quite probable that the price analysis of Solana at the end of this month will also depend on the more general changes in the cryptocurrency Maart.
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Source: https://finbold.com/machine-learning-algorithm-sets-solana-price-for-december-31-2022/