Solana Price Prediction as Billionaire Arthur Hayes Says This Other Project Will Overtake Solana
SOL has fallen by 1.5% in the past 24 hours, with the Solana price slipping to $143.28 as the crypto market as a whole loses 1% today.
This caps a disappointing few weeks for the market’s fifth-biggest coin by cap, with SOL also down by 10% in a week and 18% in a month.
On the other hand, the alt’s medium- and long-term picture remains very good, in that it remains up by 800% in the last 12 months.
And while Arthur Hayes has recently predicted that Aptos will flip Solana over the next few years, prospects for the latter and the SOL price remain excellent.
SOL’s momentum has taken a nosedive over the past week, although the positive side of this is that it looks close to bottom out.
Its relative strength index (purple) has fallen from nearly 80 last night to almost 30 today, while it had been close to or below 50 for much of the previous week.
The coin’s 30-day average (orange) has also been below the 200-day (blue) for nearly two weeks, and is falling again today.
Yet now would arguably be a good time to buy SOL, given how heavily the market is selling it, and given that it looks ready to rebound.
One small but encouraging sign is that its trading volume has lifted from just over $1 billion a day ago to $1.5 billion today.
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