Is it Too Late to Buy Solana? SOL Price Bounces 14% From Recent Bottom and This New AI Crypto Platform May Be the Next Best Performer – Here's Why
Investors are asking whether it might be too late to buy Solana (SOL) in wake of its 14% bounce from weekend lows.
Did investors miss their opportunity to buy the SOL dip?
Solana, the cryptocurrency that powers the high-performance, smart-contract-enabled Solana layer-1 blockchain, saw a cascade of sell pressure that week in wake of the US Securities and Exchange Commission’s claim in its lawsuits against Binance and Coinbase that Solana is actually a security.
The SOL price dropped from as high as $22 on Monday to lows under $13.50 on Saturday but has since recovered to the $15 area.
Uncertainty regarding the US regulatory outlook looks set to continue weighing on the price of SOL and the price action continues to look bearish.
That suggests SOL could soon print new lows, meaning that investors have not missed their opportunity to “buy the dip”.
But buying now is perilous, as SOL could drop nearly 50% from current levels to test its late-2022 lows around $8.0 in the coming weeks in wake of its break of support in the $16 area.
Investors looking for a better shot at near-term gains might want to consider getting a hold of some of viral new AI-powered crypto price prediction platform yPredict’s native $YPRED token, which many industry experts are predicting may be the next best performer.
Indeed, analysts at Cryptonews.com rank yPredict’s presale as one of the hottest of 2023.
A ground-breaking new AI-powered crypto trading and market intelligence platform called yPredict is building a first-of-its-kind, institutional-grade crypto price prediction system.
According to observers, the tool, which is powered by yPredict’s in-house deep data analysis, will help crypto investors discover the next explosive crypto with ease.
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