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SOL Price Prediction - Technical Analysis


www.altcoinbuzz.io 06 January 2022 11:46, UTC
Reading time: ~2 m

Solana is a general purpose blockchain similar to Ethereum. 

It has a different technical underlying such that developers write applications using Rust instead of Solidity or Vyper. End user applications as of now include decentralized finance (DeFi), non-fungible tokens (NFT), marketplaces, games, and more. One of its biggest feature is its scalability in which Solana is able to process over 700,000 transactions per second. Its 24 trading volume was $2,420,555,026 and its market cap is $2,420,555,026. Let us review SOL Price.

SOL Price Prediction

SOL is currently trading above the support zone of $143. If it can stay above this support, we could start seeing a move towards $180, $191, $206, $220, $241 and $268. If the resistance at $268 breaks, we could start seeing a move towards $344 and $468. However, failure to hold the support at $143 could lead to a drop towards $130.

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The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinons relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate. However there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.


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