Sol coin,Solana price forecasts, Solana price prediction, How much is Solana worth in 2022?

How much is Solana worth in 2022?

The price picture of the SOL/USDT daily chart could create space for Solana's price predictions to flood the market. This is because the stock has been seen closing in on the latest demand zone, which is the closing price of 46.94 and the price limit of 48.79.

A double top forms when the bearish flag consolidates, initiating a downward march from the top that could culminate in a pattern break. Despite a 0.5% gain in the SOL/USDT pair, last week's bullish momentum seems to be waning. This could jeopardize the future of this marriage.

Solana price forecasts turned negative after Mesari’s first-quarter report indicated a decline in Solana transaction volume due to growing concerns about network security. Solana’s performance in 2022 looks to be significantly depressed compared to its huge 2021 growth.

Transaction volume fell 17% and revenue nearly halved, despite an increase in active users. The number of active developers has also dropped dramatically, about half of whom were at the November 2021 Solana Summit. The SOL/USDT pair rose 0.24% on the day but did nothing to break it's 3's. 4 - weekly to compensate for weekly losses.

Price forecast for Solana

A bearish flag seen in the daily chart indicates a further decline in the SOL/USDT pair to end the move measured at 12.18 (February 28 and March 25, 2022 lows). To reach this price, the bears need to break support at 38.13 and find consecutive support levels at 30.02 (psychological support April 19 low) and 20.99 (low April 18 and June 21, 2022)…

The move will also contribute to the resolution expected at the dual summit on July 19-30, 2022. On the downside, a break in the resistance-related supply zone above 48.79 (April 25 and May 12 highs) opened the way to 56.79. 38, where the maximum is reached on May 19, 2021, and May 13, 2022, respectively.