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Solana Price Prediction: SOL Eyes Recovery to $180 As Network Fees Bounce

From fxempire.com

Solana (SOL) has been the most battered token in the top 5 in the past 30 days with a 42% loss. This altcoin is once again approaching the $80 level and could be heading for its fifth consecutive week of negative performance if it closes below $87. Comparatively, top competitors in the smart contracts space like Ethereum (ETH) and BNB (BNB) have experienced milder losses of 36% and 32%, respectively. Why exactly is the market dumping SOL at a faster pace? On-chain data from Santiment seems to explain why SOL failed to make an all-time high during the latest bullish cycle. Historical data shows that every time SOL ... (full story)

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  • Category: Technical Analysis