Here’s what Solana (SOL) Price Is Predicted For March 31, 2023, By Crypto Community

Solana (SOL) price is expected to grow significantly, especially by the end of the third month of 2023. Despite a pervasive banking sector crisis, it is not an outlier in the cryptocurrency market’s recovery.

Moreover, according to the most recent information gathered on March 17, Solana is predicted to achieve an average price of $21.8 on March 31, 2023, based on 1,062 votes submitted by users of the cryptocurrency tracking portal CoinMarketCap as of press time.


Solana end of March price estimation | Source: CoinMarketCap

If the community’s forecasts come true, the price of Solana, trading at $20.05 at the time of publication, will rise by 7%, or +$1.513, from its present level.


SOL/USD 4-hour chart | Source: TradingView

Nevertheless, the optimism in the community surrounding Solana has not yet been reflected in the one-day sentiment gauges based on its technical analysis at the finance tracking website TradingView, which are 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

Data show that Solana has recovered losses of 6.88% accumulated during the previous month and is trading at $20.28, up 3.58% on the day and 17.35% over the last seven days.

The environment on the larger crypto and macroeconomic landscape, as well as the movement of significant amounts of SOL by whales to the cryptocurrency trading platform Coinbase and the impending migration of the Helium (HNT) network to Solana, will all play a role in whether Solana can achieve the community’s projections.

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