- Solana Price Prediction to consolidate between 200-203$ range
- SOL line of control still lies below 192$ zone, looking bearish for many investors
- The Solana company claims that one transaction requires less energy than two Google searches
A security auditing firm recently discovered and fixed a bug in the token lending contract of the Solana Program Library (SPL).A bug, that was discovered a couple of months ago, may have affected several decentralized finance protocols holding over $2 billion in total value locked (TVL).A team of specialists identified the possible protocol (or derivative) utilizing this contract and disclosed the problem immediately.
It caused a rounding error, which delivered more tokens than the ones deposited by users.Despite this, it was impossible to exploit the bug without an organized attack that directly targeted the vulnerability.The auditing group, Neodyme, managed to reproduce the vulnerability and create a script that exploited it.
Lets dip dive into technical analysis of SOL
Technical Analysis of SOL: bearish sentiment in 4hour SOL/USDT Binance pair (platform using Tradingview.com)
According to Oscillators
SOL has a neutral sentiment when examined in 4hour chart [Pair SOL/USDT Binance] and moving average gives indicator about sell.
Technical Analysis : Solana Price Forecast using 4EMAs (10,20,50,200) and RSI (Relative Strength index)
Resistance and Support Levels for Day Trading SOL USDT [SOL Price Forecast]
Calculation For Trading:
Resistance Level (R3): 206.835
Resistance Level (R2): 203.800
Resistance Level (R1): 200.600
Support Level (S1): 192.572
Support Level (S2): 190.770
Support Level (S3): 187.289
SOL Price Prediction: FAQs
|What will be the lowest price of Solana (SOL) in future?||Upto $903.95 USD|
|What will be the highest price of Solana (SOL) in future?||Upto $1,068.63 USD|
|Will Solana (SOL) price increase in future?||Yes, Solana (SOL) price will increase according to our predicted data in future.|
|Investment in Solana (SOL) is profitable or loss-making?||Yes, Solana (SOL) is profitable investment based on our forecasting.|
|Whether the price of Solana (SOL) will be downward in future?||No, Solana (SOL) price will not be downward based on our estimated prediction.|
|In 1 year from now what will 1 Solana be worth?||The price of 1 Solana (SOL) can roughly be upto $446.49 USD in 1 years time a 2X nearly from the current Solana price.|
|Where do I buy Solana?||There are many places to buy and exchange Solana we list them all here.|
|What will the Solana Price be tomorrow?||Our algorithm predicts that the Solana Price can be upto $216.96 USD by tomorrow.|
|What will be the price of Solana (SOL) after 1 year?||Upto $446.49 USD|
|What will be the price of Solana (SOL) after 2 years?||Upto $414.44 USD|
|What will be the price of Solana (SOL) after 3 years?||Upto $507.07 USD|
|What will be the price of Solana (SOL) after 4 years?||Upto $728.15 USD|
|What will be the price of Solana (SOL) after 5 years?||Upto $737.44 USD|
|What will be the price of Solana (SOL) after 6 years?||Upto $769.29 USD|
|What will be the price of Solana (SOL) after 7 years?||Upto $948.82 USD|
The Solana blockchain is considered an efficient, secure, fast, censorship-resistant, and highly automated system that supports global adoption. Decentralizing the network by providing computing resources to validate transactions or storing redundant ledge data is the mission of the validator.
Currently, Solana (SOL) price is $195 with a market capitalization of $59,760,676,120, putting it in a commendable position of the global cryptocurrency rankings.
History of Solana
Anatoly Yakovenko, the founder of Solana, published a whitepaper draft detailing a new timekeeping method for distributed systems dubbed Proof of History (PoH) in late 2017. The inability to reach consensus on transaction order is one of the limitations of bitcoin and ethereum blockchains, In Anatoly’s opinion, his new methodology could automate the transaction ordering process for blockchains. This was a major component of enabling crypto networks to grow beyond their capabilities at the time.