The cryptocurrency space has suffered a setback in recent times as most crypto assets have dipped in price. This has led to the funds of many investors and traders being wiped out. The hope of price recovery keeps dashing out as price continue to fall.
Solana is the 9th biggest cryptocurrency in the world by market cap, which stands at over $10.7billion. On the 13th of May, 2022, according to this article, Solana was at $52. Our analysts envisaged a continuous fall in price. On the 14th of June, price dipped to $25. The last time Solana price was at $25 was in July 2021, that’s about a year ago. Note that Solana reached an all-time high at $259 in November 2021.
The daily chart shows that the price of Solana has been oversold twice between May and June 2022 on the RSI. The NFT world has also suffered alongside this crypto crash. The value of all Ethereum and Solana-based projects have dropped across all boards. There are currently no indications of a price rally. The price of Solana is currently ranging, though the current price is at $31.395.
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