📊 Current Price and Performance
• Current price: approximately $1.77.
• Market value: approximately $371 million.
• Daily trading volume: approximately $1.49 billion.
• Change over 24 hours: a decrease of 39.87%.
• Change over 7 days: a decrease of 43.33%.
The currency experienced a sharp decline after reaching its highest price of $3.42 on May 5, 2025, indicating significant market volatility.
📉 Technical Analysis
• Relative Strength Index (RSI): below 50, indicating bearish momentum.
• MACD Indicator: Showed a negative crossover, reinforcing bearish expectations.
• Critical Price Range: The price broke the support level between $2.10 and $2.20, which could lead to further declines.
🔮 Future Predictions
• 2025: Predictions range between $1.71 and $8.01, with the potential for a return of up to 352% if the upper limit is reached.
• 2026: Similar predictions to 2025, with a price range between $1.71 and $8.01.
• 2030: Predictions range between $2.22 and $10.71, suggesting the potential for a return of up to 504% if the upper limit is reached.
⚠️ Influencing Factors
• Token Unlock: Led to increased supply and selling pressure from major investors, contributing to the recent decline.
• Project Developments: Success in upcoming development phases, such as the mainnet launch, will be crucial in determining the currency's future.
✅ Summary
The Solayer currency shows significant long-term growth potential, especially if the roadmap is successfully implemented. However, current volatility and negative technical signals indicate the need for caution when investing. Continuous monitoring of the currency's performance and leveraging technical analysis before making investment decisions is advised.