Solana started March on a high note after Bitcoin and Ethereum outperformed the stock markets. BTC caught up with leading altcoins and defied the negative market sentiment rocking the banking world. SOL went from a low of $16 to a high of $23 this month and is up nearly 11% in the past 14 days. However, PricePredictions, an AI-based algorithm company, has estimated that Solana could fall back on this in price and drop below $20. According to the price forecast, SOL could experience stagnation in the coming days and eventually slide south by the end of the month.
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Solana: AI predicts SOL price for March 31, 2023
Price predictions predicted that Solana could fall to $19.20 by the end of the month on March 31, 2023. SOL is currently trading at $22.40 and could be down 15% from its current price estimated by the AI algorithm.
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Price Predictions is a machine learning and algorithm based price indicator that uses artificial intelligence (AI). It calculates a token’s moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands (BB) and other indicators. The AI has predicted Solana’s price for March 31, 2023.
While the AI claims that SOL could fall, the community believes the price will not drop below $20. The Solana community worked together CoinMarketCap and predicted that the price could reach $21.8 by the end of the month. That’s a drop of nearly 4% in the coming days, according to the community’s forecast.
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Furthermore, while the AI projected the forecast based on the charts and numbers, the community based the estimate on sentiment. At the time of writing, Solana was trading at $22.40 and is up 2.2% in 24-hour day trading. SOL is down 91.36% from its all-time high of $259, which it reached in November 2021.