- Solana Price Prediction to consolidate between 205-206$ range
- SOL line of control still lies below 206$ zone, looking bullish for many investors
- Carbon neutrality announcement from Solana; can it compete with Ripple’s XRPL
Solana’s blockchain surpassed the goal of carbon neutrality this year, thanks to funding refrigerant destruction that erased Solana’s carbon footprint from 2021 In refrigerant destruction, chemical cooling agents such as chlorofluorocarbons [CFCs] and hydrochlorofluorocarbons [HCFCs] are reduced or taken out. A 2022 carbon neutrality strategy was also announced by the Solana Foundation.
Let’s dip dive into the technical analysis of SOL
Technical Analysis of SOL: bullish sentiment in 4hour SOL/USDT Binance pair (a platform using Tradingview.com)
According to Oscillators
SOL has a bullish sentiment when examined in a 4hour chart [Pair SOL/USDT Binance] and moving average gives an indicator about strong buy.
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): 212.200
Resistance Level (R2): 209.936
Resistance Level (R1): 205.713
Support Level (S1): 196.537
Support Level (S2): 194.96
Support Level (S3): 192.433
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 $202 with a market capitalization of $62,658,019,722 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.