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Solana, the Ethereum killer, fell into a bearish state in November 2022 after the collapse of the FTX exchange. However, its price recovery in 2023 has surprised the crypto community. Meme Moguls also caught the attention of analysts given its features and new use cases. In this article, we will look at Solana’s price prediction and why analysts have shown interest in Meme Moguls.

Solana (SOL) Price Forecast

In 2023, Solana (SOL) stood out as a strong performer, surpassing both Bitcoin and Ethereum in terms of performance. It soared from a low of $8 to reach a 2023 high of $62. When Solana broke and closed over $32, that was when its bullish momentum turned around.

This indicated that the conditions were right for price appreciation. The Solana coin gained popularity among experts and traders as a valuable asset. Many experts have predicted that the Solana cryptocurrency will surge to $100.

But according to data from CoinMarketCap, the Solana price declined from its October 2023 peak to $56.06 in November. Solana recorded 18 green days out of 30 with 19.52% price volatility over the last 30 days. Also, Solana coin price stood above the 50-day and 200-day EMAs, a bullish price action.

According to analyst’s Solana price prediction, the Solana value is predicted to touch $100. Solana bulls must have passed resistance at  $58, $60, $65, and $69.Failure to do so would push Solana crypto to lower levels and even down to $40.

Why Have Analysts Picked Meme Moguls (MGLS) As Their Best Choice?

While Solana has retraced from its October high, analysts have picked Meme Moguls (MGLS) as their top choice for December. Meme Moguls is a platform that merges memes and cryptocurrency trading together by creating the first meme-based stock exchange. The ecosystem is divided into parts that are exclusive to gamers and me

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Author: Crypto Daily

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