As 2022 draws to a close, Solana (SOL) remains heavily impacted following the devastating meltdown of the crypto exchange platform FTX. With long-standing support from FTX founder Sam Bankman-Fried and a high November trading price of $37 just before the crisis, SOL found itself the focus of intense selling pressure.
However, since the crash, the DeFi asset has managed to maintain a floor price above $12, and it is still the fifteenth largest cryptocurrency by market value. Additionally, it continues to rival Ethereum in NFT transactions since investors are still interested in SOL.
Interestingly, despite Solana’s 5% price gain as of December 13, the machine learning-based algorithms at PricePredictions, which factor in indicators like moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands (BB), and others, suggest that SOL’s value will decrease by the end of the month.
Per this forecast, Solana is set to trade at $12.81 on
We współpracy z: https://finbold.com/machine-learning-algorithm-sets-solana-price-for-december-31-2022/
