Solana Technical Analysis (SOL)
$ 34.20 3.50%
Rank #9
Last update at the same time 2022-09-29T17:02:07.032Z
Technical Analysis of Solana Coin (SOL)
Solana's capitalization fundamentals
Market capitalization:
US $ 12,138,029,694.33
Trading volume in 24 hours:
US $ 972,475,903.93
Fully diluted pricing:
US $ 17,497,277,204.95
US $ 12,138,029,694.33
Trading volume in 24 hours:
US $ 972,475,903.93
Fully diluted pricing:
US $ 17,497,277,204.95
Total supply:
354,913,602.37
Maximum total supply:
Not available
Total circulation supply:
354,913,602.37
354,913,602.37
Maximum total supply:
Not available
Total circulation supply:
354,913,602.37
Solana's (SOL) Cap and Aggregate Supply Metrics Explained
The market cap metrics give you an overview of how this coin is likely to grow in the future. Here is an example if you look at the Solana coin (SOL):
- The maximum total supply does not exist, i.e. the developer has the right to create mechanisms to release more of this coin. The case of over-issuance will lead to inflation and the price of copper will go down.
The article analyzes the data of the Solana coin (SOL)
Investment funds are engaged in investing Solana
SOL coin is being invested by 5 reputable investment funds such as: CMS Holdings, Alameda Research, Multicoin Capital,
Price change of Solana (SOL) for the last 90 days
last 24 hours
3.50 %
3.50 %
the past 7 days
6.99 %
6.99 %
the past 30 days
10.88 %
10.88 %
the past 60 days
22.70 %
22.70 %
the past 90 days
4.26 %
4.26 %
Solana price technical analysis (SOL) and some comments
In the long-term, the price of Solana has increased slightly with 4.26484162 % and is located at the price zone of $34.19995631.
In the short term (here we look at the price of the week for a more stable view than in the day) has increased quite a lot with 6.99301626
If you are a HOLDER (i.e. players who make profits based on the length of time) then you should focus on the 90 day long term trend. However, if the investment case is the platform coins alone, then you need to observe with a time length that can be longer than 6 months or sometimes 1 year.
If this coin has many large investors who are funds, you should monitor the movements of investment funds to be able to make the right comments in the future.
In the long term future, the cryptocurrency market will grow very strongly, however in the short term there will be bids by market makers. So learn carefully the information so that you can calm down before the ups and downs of the market.
Perspectives when viewing technical analysis if you decide to buy or sell Solana
Is technical analysis enough to make a decision to buy or sell Solana?
Absolutely not enough. Because there are many different factors that can affect the price of Solana, besides that, there is also the factor of investor psychology.
For example, within the last 7 days, have you seen Solana increase? 6.99 %, but it is not certain that this coin will continue to increase in the long-term future.
Cryptocurrency market is a new market and will not have the characteristics of technical analysis like the stock market, gold, .. and many other established markets.
These are just extremely basic analysis of the Solana (SOL), you should not rely solely on this information to make buying or selling decisions.
Calculating the amount to buy based on technical analysis?
You can look at metrics like current total circulating supply, maximum total supply, and compare the price of Solana coin (SOL) against those of high ranking coins to see its maximum growth potential. How about this coin?
As far as current and past data goes, no coin has ever had a market cap that has surpassed Bitcoin (BTC) with a market cap of 2 USD, and Ethereum (ETH) with a market cap of 373,506,315,637.07 USD. market is 164,137,326,334.39.
So you can predict if the capitalization of Solana (SOL) is achieved by the capitalization of 2 coins Bitcoin, Ethereum, how much the price of Solana coin (SOL) will be able to increase. These are common short-term estimates.
To see the detailed analysis, you can also see more articles How many Solanas (SOL) do you need to buy now to be able to become a dollar millionaire in the future?
Predict the price of Solana (SOL) in the future
Based on past data as well as consulting many sources from experts, of course, there will be mixed opinions. However, we want to give you a relative estimate to have more long-term HOLD confidence
These analyzes will be updated regularly as the market changes, We recommend that you use the following information only for reference purposes and not as investment advice.
What is the price of Solana (SOL) in 2024?
Currently the price of Solana is $34.20 and the coin was started in the 2020s. Many experts estimate the price of SOL will be in the range. $58.82 to $95.76 in 2024What is the price of Solana (SOL) in 2027?
In the long term, it is likely that SOL will have a pretty good breakout. However, this investment requires quite a bit of patience, and this price increase only benefits long-term investors. In 2027 Solana's price will probably be around $188.10 to as high as $418.95What is the price of Solana (SOL) in 2030?
The long-term future of the SOL will also see growth. Many estimates hope that the price of Solana coin will be able to go up to about $428.18 to $1,019.16 in 2030What is the price of Solana (SOL) in 2032?
After 10 years, Solana coin is estimated by many experts to fall between $649.80 to $1,573.20 in 2032What should beginner investors in this market keep in mind?
If you are just starting out and do not fully understand the technical aspects of digital currency, we advise you to invest coins on reputable centralized exchanges:
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