Solana Price Prediction for September 2021
Solana (SOL) started September with an opening price of $108.27. Coincidentally, it made the month's lowest price on the same date at $105.89.
With the exception of 1 red candle, SOL's journey to the month's highest price was full of green candles thus, making a peak at $216 on September 9.
This has proved to be its key resistance for the month of September, as SOL has struggled to cross that point.
China's Evergrande Crisis saw the crypto market collapse as all cryptocurrencies took a dump. SOL plunged to $116.
Although SOL has gone up to $138.43 at the time of writing, with chances of the Evergrande group to skip bond payment deadline again, SOL can see a 15-25% decline. This means SOL will re-test the $116 support area.
If prices further fall down, SOL may end up reaching where it had started- around $105.89.
With the exception of 1 red candle, SOL's journey to the month's highest price was full of green candles thus, making a peak at $216 on September 9.
This has proved to be its key resistance for the month of September, as SOL has struggled to cross that point.
China's Evergrande Crisis saw the crypto market collapse as all cryptocurrencies took a dump. SOL plunged to $116.
Although SOL has gone up to $138.43 at the time of writing, with chances of the Evergrande group to skip bond payment deadline again, SOL can see a 15-25% decline. This means SOL will re-test the $116 support area.
If prices further fall down, SOL may end up reaching where it had started- around $105.89.