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Solana (SOL) Reviews for May 2022

SOL Reviews Crypto_Bro April 22, 2022
Solana (SOL) bounced off the support line of the ascending channel on April 18, indicating that the bulls are buying the dips to this level. The bulls pushed the price above the 20-day EMA ($107) on April 19 but are struggling to sustain the higher levels. This suggests that the bears continue to sell on every minor rally. If the price breaks below the 50-day SMA ($101), the bears will make another attempt to sink the SOL/USDT pair below the ascending channel and retest the critical support at $75. Conversely, if the price rises from the current level, the bulls will attempt to challenge the overhead resistance at $122. A break and close above this level could open the doors for a potential rally to the 200-day SMA ($147).

SOL Reviews l00k$_1ntere$1ng April 14, 2022
Solana (SOL) bounced off the 50-day SMA ($99) on April 12 but the bulls could not push the price above the 20-day EMA ($110). This suggests that bears are selling on rallies to the 20-day EMA. The bears will now attempt to sink and sustain the price below the 50-day SMA. If they manage to do that, the SOL/USDT pair could drop to the strong support at $81. The bulls are expected to defend this level with all their might because a break and close below it could resume the downtrend. Contrary to this assumption, if the price rises from the current level and breaks above the 20-day EMA, the bulls will make another attempt to clear the overhead hurdle at $122.

SOL Reviews Karen April 7, 2022
Solana (SOL) had been witnessing a tough battle between the bulls and the bears near the critical level at $122. The long wick on the March 31 candlestick indicated selling at higher levels but the bears could not sustain the price below $122 on April 1. This suggests that the bulls aggressively purchased on the minor dip. The buyers have pushed the price above the overhead resistance at $122, indicating the start of a potential new uptrend. The SOL/USDT pair could now challenge the 200-day SMA ($150). If bulls overcome this barrier, the next stop could be $163. Conversely, if the price fails to sustain above $122, it will suggest that the demand dries up at higher levels. The pair could then drop to the 20-day EMA ($103).

SOL Reviews Arnold February 2, 2022
Solana (SOL) turned up on Jan. 31 and broke above the overhead resistance at $104.82 on Feb. 1. The price reached the 20-day EMA ($112) on Feb. 2, which is acting as a strong resistance. The bears are attempting to pull the price below $104.82. If they succeed, it will suggest that bears continue to sell aggressively at higher levels. The SOL/USDT pair could then retest the recent low at $80.83. Conversely, if the price rebounds off the current level and rises above $116, it will suggest that bulls are making a comeback. The pair could then attempt a rally to $130 and later to the resistance line of the channel.

SOL Reviews Know1tAll January 21, 2022
Solana (SOL) has reached near the minor support at $130. The bulls had defended this level on Jan. 10 and may again try to do so during the current decline. If the price rebounds off the support, the bulls will again attempt to push the SOL/USDT pair above the 20-day EMA ($151). If they succeed, the pair could rally to the resistance line of the descending channel. This is an important level to watch out for because a break and close above it will signal the possible start of a new up-move. On the contrary, if the $130 support cracks, the pair could drop to the critical support at $116. A break below this level could pull the price to the support line of the channel.

SOL Reviews Copernicus January 5, 2022
Solana hit with another network incident causing degraded performance. Solana reportedly went offline for four hours on Tuesday. However, Solana.Status shows there have been no issues on the network. The latest incident comes less than a month after a previous attack that saw reports the network was clogged with mass botting due to another initial DEX offering on Solana-based decentralized exchange platform Radium. According to Wu Blockchain, the Solana network went down for around four hours in the early morning of Tuesday UTC time as a result of an apparent DDoS attack. Solana.Status shows the network has been fully operational with 100% uptime over that period.

SOL Reviews RealSatoshi December 31, 2021
Solana’s (SOL) recovery stalled at $204.75 on Dec. 27 and the price broke below the 20-day EMA ($185) on Dec. 28. This suggests that bears continue to sell on rallies. The bears will now attempt to build on their advantage and pull the price below $167.88. If this support cracks, the SOL/USDT pair could drop to $148.04. The 20-day EMA is flattish but the RSI has dipped below 44, indicating that bears are attempting to gain the upper hand. This negative view will invalidate in the short term if the price turns up from the current level and rises above $204.75. That will clear the path for a possible rally to the resistance line of the falling wedge pattern. A breakout of the wedge will signal that bulls are back in the driver’s seat.

SOL Reviews Arnold December 23, 2021
Solana (SOL) has been trading close to the 20-day EMA ($183) for the past few days, indicating that the selling pressure could be reducing. The flattening 20-day EMA and the relative strength index (RSI) just below the midpoint indicate that bulls are making a comeback. A breakout and close above the 20-day EMA could start a stronger recovery to $204.10 and then to $240. Conversely, if the price turns down from the current level and breaks below $167, it will suggest that bears have absorbed the demand. That could clear the path for a drop to $148.04. If this support cracks, the SOL/USDT pair could plummet to the 200-day SMA ($121).

SOL Reviews C0llette December 20, 2021
Steady ecosystem growth, institutional investment and a healthy derivatives market are strong signals that SOL will continue to be a top contender in 2022. Solana (SOL) has become a top contender in the smart contract industry and in the past year, the network's total value locked (TVL) grew by $660 million and stretches across more than 40 decentralized applications to hit an all-time high above $11 billion. Even with this growth, investors have reason to question whether the current $56 billion market capitalization is justified and how it compares to competing networks like Binance Smart hain (BNB), Avalanche (AVAX) and Polygon (MATIC). By analyzing the past six-month price performance, there's an apparent decoupling from Terra (LUNA), Solana and Avalanche when compared to other smart contract platform competitors. Solana's market capitalization is more than double that of Avalanche and Terra, each of which has a $26 billion market cap. Searching Solana's latest news on Cointelegraph yields an exciting array of institutional investments, ranging from the $314 million private token sale by Solana Labs in June, to an $18 million fundraise in September by Solana's DEX project Orca. There's solid evidence of a growing ecosystem judging by investor appetite. However, to understand how successful Solana's scalability solution is, we have to evaluate its usage metrics.

SOL Reviews Ger0me November 24, 2021
The bulls tried to push Solana (SOL) above the 20-day EMA ($221) on Nov. 17 and 18 but the bears were in no mood to relent. The failure to clear this hurdle may have attracted selling from traders on Nov. 18, which pulled the price to the 50-day SMA ($195). Aggressive buying at lower levels resulted in a sharp rebound on Nov. 19, indicating that bulls are defending the 50-day SMA support. If buyers propel the price above the 20-day EMA, the SOL/USDT pair could rally to the downtrend line. A break and close above the downtrend line could improve the prospects of the resumption of the uptrend. Contrary to this assumption, if the price turns down from the 20-day EMA, the bears will make one more attempt to pull the pair below the 50-day SMA and the trendline. If they manage to do that, the selling could intensify and the pair may drop to $140.

SOL Reviews S0l0 November 19, 2021
Solana (SOL) plunged below the ascending channel and the 20-day EMA ($224) on Nov. 16, indicating that the bulls may be losing their grip. The buyers are attempting to defend the breakout level at $216 but any bounce is likely to face selling at higher levels. The 20-day EMA has flattened out and the RSI has dropped to the midpoint, indicating a balance between supply and demand. This equilibrium will shift in favor of the bears if the price breaks and sustains below $216. On the contrary, if the price rebounds off the current level, the SOL/USDT pair could rise to the downtrend line. This level may act as a stiff resistance but if bulls clear this hurdle, the pair may retest the all-time high at $259.90.

SOL Reviews S0l0kHan November 16, 2021
Solana (SOL) rebounded off the support line of the ascending channel on Nov. 13, indicating that bulls continue to buy on dips. The bulls will now try to push the price above the overhead resistance at $248 and challenge the all-time high at $259.90. The upsloping moving averages and the RSI in the positive territory indicate that the path of least resistance is to the upside. If bulls push the price above the all-time high, the SOL/USDT pair could rally to the resistance line of the ascending channel. This positive view will invalidate if the price turns down from the current level and breaks below the support line of the channel. That could clear the path for a possible decline to the 50-day SMA ($189).

SOL Reviews Crypto_Bro November 2, 2021
Solana (SOL) rebounded off the 20-day EMA on Oct. 31, signaling strong buying at lower levels. The bulls will now try to push the price above the overhead resistance zone at $216 to $218.93. If they succeed, the SOL/USDT pair could resume its uptrend and rally to the pattern target at $239.83. A break and close above this resistance could open the doors for a possible rally to $265.80. The rising 20-day EMA ($185) and the RSI in the positive zone indicate that bulls have the upper hand. This positive view will be negated if the price turns down from the overhead resistance and plummets below the 20-day EMA. That could pull the price down to the trendline.

SOL Reviews Copernicus October 15, 2021
Solana (SOL) broke below the 50-day SMA ($144) on Oct. 12 but bears could not capitalize on this weakness. The bulls bought the dip aggressively and pushed the price back to the 20-day EMA ($151) on the same day. The SOL/USDT pair rose modestly above the 20-day EMA today but strong selling by the bears has pulled the price back to the 50-day SMA. If bears sink and sustain the price below the 50-day SMA, the decline could extend to $116. This negative view will invalidate if the price turns up from the current level and breaks above the downtrend line. The pair could then climb to the 61.8% Fibonacci retracement level at $177.80. A break and close above this level could pave the way for a rally to $200.

SOL Reviews Matthew September 29, 2021
Solana (SOL) broke out of the downtrend line and the 20-day EMA ($143) today, which suggests that the bears may be losing their grip. The 20-day EMA has flattened out and the RSI is just above the midpoint, indicating a balance between supply and demand. The short-term advantage could tilt in favor of the bulls if they push and sustain the price above $152.50. The SOL/USDT pair could then rally to $171.47 where the bears may again mount a stiff resistance. If the price turns down from the current level or the overhead resistance, the bears will try to pull the price down to the 50-day SMA ($114). A break and close below this support could suggest a change in trend. On the other hand, a break and close above $171.47 could push the pair to $200.

SOL Reviews MrBigMoney September 23, 2021
Solana (SOL) broke and closed below the 20-day EMA ($144) on Sept. 20, which is the first sign that the bullish momentum may be weakening. The bulls attempted to push the price back above the 20-day EMA on Sept. 21 but failed, indicating that bears are attempting a comeback. The SOL/USDT pair rebounded off the 61.8% Fibonacci retracement level at $123.42 and has reached the 20-day EMA. If bulls push the price above the 20-day EMA and the downtrend line, the pair could rise to $171.47. This level may again act as a resistance but a break above it could result in a move to $200 and then to $216. On the contrary, if the price turns down from the current level or the downtrend line, it will suggest selling at higher levels. The bears will then try to sink the price below $123.42 and extend the decline to the 50-day simple moving average ($104).

SOL Reviews acc0untant September 21, 2021
Solana, an alternative coin to Ethereum, has been trending over the last few weeks, if not months, because of their breakthrough technology, which boasts the “world’s fastest” transaction time and claims that it is capable of carrying out 50,000 transactions per second. As a result, the digital coin’s market capitalisation boomed over $62 billion earlier in September and its price grew a whopping 6000% in a year. However, the digital asset faced an issue last Tuesday when its services were disrupted for 17 long hours. Officials blamed “resource exhaustion” for the hindrance caused.

* Crypto Rating accepts no liability for content of the Solana reviews made by the site users. The entire responsibility for the contents rests with the authors.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 60.8% 82 $29 106.25 -2.42% 5.31% $554 291 732 800 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64% 82 $1 948.76 -4.39% 2.87% $235 479 609 902 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $0.998927 0.01% 0.45% $74 133 574 134 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000000 -0.02% -0.02% $52 342 870 112 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 60.4% 84 $295.00 -1.85% 22.08% $48 166 486 706 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 68% 71 $0.409415 -4.38% 13.13% $19 792 398 575 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 92% 1 $0.999245 -0.27% -0.42% $18 398 603 846 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 64% 77 $0.514791 -8.42% 17.73% $17 375 510 992 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 58.4% 84 $50.79 -8.30% 15.69% $17 139 777 776 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 61.2% 87 $0.084252 -5.17% 11.85% $11 177 788 099 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 62.8% 78 $9.61 -8.87% 19.27% $9 486 356 576 DOT 7 days price change
12 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 59.6% 82 $29 092.16 -2.40% 5.58% $8 144 434 333 WBTC 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 58.8% 82 $29.59 -11.64% 6.16% $7 963 113 848 AVAX 7 days price change
14 TRON (TRX) TRX TRON predictions 70.8% 55 $0.071826 -0.02% -1.60% $7 007 431 948 TRX 7 days price change
15 Dai (DAI) DAI Dai predictions 95.2% 1 $1.000124 0.04% 0% $6 501 256 168 DAI 7 days price change

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