Cryptocurrency market appears to have recovered from its recent slump. Bitcoin (BTC), the cryptocurrency, has returned to $58,000. Global crypto market cap also rose 1.2% over the last day to reach $2.14 trillion. Solana’s (SOL), which also has been following the trend of recovery, is up 2.6% daily and 1% compared to last week.
SOL has still fallen by 7.8% on the chart for the past month and 6.8% within the last 14 days. This price prediction articleWe’ll see what the price of SOL will be over this weekend.
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SOL Price Predictions And Market Analysis
Changelly’s SOL price prediction
Changelly’s data suggests that Solana could drop to $132.19 by Sunday, September 15, 2024. The fall would be about 1.97%. Changelly’s analysts predict that despite the negative outlook for SOL, it will rise to $140 by the end the month.
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CoinCodex SOL Prediction Price
Analysts at CoinCodex, however, believe that SOL could reach $135.17 by Sunday, September 15, 2024. A rally of 0.24% is needed to reach $135.17.
CoinCodex analysts predict SOL to grow in the future. next The SOL will reach $140 by the end the month. Platform predicts SOL to hit $143.37 by September 30, 2024.
SOL Pricing and Market Conditions
A favorable market could lead to a higher price for Solana (SOL). The US inflation rate was 2.5%, which is lower than expected.
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Federal Reserve also announced that interest rates will be reduced from this month. These two developments may lead to an increase in investments that are risky, like cryptocurrencies. SOL’s price may rise to $140 at the end of January in this scenario.
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Source: watcher.guru