Skip to content

Crypto community sets Solana (SOL) price for March 31, 2023

Crypto community sets Solana (SOL) price for March 31, 2023

The cryptocurrency market continues to recover despite a widespread crisis in the banking sector, and Solana (SOL) is no exception, leading the cryptocurrency community to bet on its further price improvement, particularly by the end of the third month of 2023.

Indeed, based on 1,062 votes cast by the members of the crypto tracking platform CoinMarketCap by press time, Solana is expected to reach an average price of $21.8 on March 31, 2023, as per the latest data retrieved on March 17.

Should the community’s predictions come true, it would result in an increase of 7.46% or +$1.513 on the current price of Solana, which at the time of publication was changing hands at the price of $20.28, according to the information accessed by Finbold.

Solana end of March price estimation. Source: CoinMarketCap

SOL technical analysis

Having said that, the community’s optimism around Solana is yet to reflect on the one-day sentiment gauges based on its technical analysis (TA) over at the finance tracking website TradingView, which is still largely ‘neutral’ at 10, based on oscillators indicating ‘buy’ at 2 and moving averages (MA) in the ‘neutral’ zone at 1 (indicating both ‘sell’ and ‘buy’ at 7).

SOL 1-day trading gauges. Source: TradingView

As things stand, Solana is currently changing hands at the price of $20.28, up 3.58% on the day, as well as climbing 17.35% over the previous seven days, as it reversed the losses of 6.88% accrued over the past month, as charts indicate.

Solana 7-day price chart. Source: Finbold

Whether Solana manages to realize the community’s projections will largely depend on the developments surrounding the ecosystem, such as whales moving significant amounts of SOL to the crypto trading platform Coinbase and the upcoming migration of the Helium (HNT) network to Solana, as well as the atmosphere on the wider crypto and macroeconomic landscape.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best for:

Intermediate Traders and Investors

2.8 Million Active Accounts
Finbold is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

Read Next:

Weekly Finance Digest

Related posts