Solana’s Price Analysis and Price Prediction-Bullish Week of SOL

Introductions

This week has been a bullish week for Solana (SOL) and now SOL is trading at $26.77. Although SOL has seen an all-time high (ATH) value of $260.06 in 2021 but faced a sudden decline and now regaining momentum. Now, SOL is continuously moving in the green phase.

Price Value

SOL is mainly traded with USD and has seen a great deal of profit and losses in the last couple of years. This last week has been in the favor of SOL as Solana keeps on showing a bullish trend and gained a growth percentage of 24.27%.

Statistics

At the time of writing this article Solana (SOL) is trading at $26.77 with a 24-hour trading volume of $996,606,842. SOL’s trading volume has shown a growth of 132.67% in the following week. The total circulating market supply of SOL is 416,599,011 SOL and the market cap is $11,154,398,414.  

Also Read: DOGE Weekly Price Analysis – DOGE’s Past Week and Next Target for October 2023

Price Analysis

SOL’s current worth is standing at $26.77 which started showing a bullish trend from $21.94 on the 15th of October and keeps on fluctuating in the green zone. If we look at the graph, SOL is showing significant growth and its 24-hour volume has shown growth of 132.67%.

It is a positive sign that SOL’s value didn’t decline in the last week and keeps on recovering and moving upward. If this movement persists, it is more likely that SOL will attain its ATH value in the coming time.

Price Prediction

Last week starting from the 16th of October 2023 has been a favorable week for SOL as its price is moving optimistically. Based on the following, it is highly predictable that SOL is going to cross $50 in the middle of next week. It seems like SOL will regain the ATH and even move forward.

Conclusion

The crypto community is eyed on gaining profits by trading and investing. The following week hints to the traders that SOL can be a good asset to fulfil their desired profits.