Solanium (SLIM) Price Prediction for 2024 - 2028

Bittime - Want to know how Solanium price will move in the future? Analytical price prediction for Solanium is based on thorough technical analysis, projecting market trends and analyzing sentiments to provide insights that help you make better crypto investment decisions.

 

Solanium (SLIM) Technical Analysis

SLIM traders use various trading signals and technical indicators to predict price direction. Although not all methods can predict the market accurately, some key indicators are very important. Determining Solanium support and resistance levels helps traders understand market supply and demand, as well as predict trend reversals.

In addition, chart patterns are often used by traders to determine trend lines and predict the movement of the next candlestick. Indicators such as RSI, Moving Average, and MACD, are used to determine the direction of long-term trends and predict future price movements.

Also Read How To Buy Crypto:

Indicator Analysis

RSI (Relative Strength Index) 

RSI provides insight into market momentum by measuring Solanium price movements to determine whether it is overvalued or undervalued. RSI is used by traders to identify overbought or oversold conditions and determine the right time to buy or sell an asset. 

A reading above 50 and an uptrend indicates that bulls are still in control, while a reading below 50 indicates otherwise. On the weekly time frame, Solanium is currently trending with the actual RSI.

Moving Average (MA) 

Moving Average is an important analytical tool that provides a broader picture of price movement by calculating the average closing price of Solanium over a period of time. The relationship between the short-term and long-term MAs is important in determining the direction of the trend. When the short-term MA moves above the long-term MA, it is a sign that the trend is gradually turning bullish. On the weekly time frame, Solanium is in a neutral trend, with the 50-day MA crossing below the 200-day MA but the price is still trading above both.

MACD (Moving Average Convergence Divergence) 

MACD uses Simple Moving Average (SMA) and Exponential Moving Average (EMA) to predict trends more accurately. The relationship between the two helps determine the direction of the trend. The weekly time frame is used to determine the long-term trend, while the daily and six-hour time frames are used for intermediate and short-term trends. Based on MACD, Solanium is currently trending with the MACD signal line moving.

Check Crypto Prices Today:

Current Solanium Price

Currently, Solanium (SLIM/USD) is trading at $0.133357 with a market cap of $13 million. Its 24-hour trading volume is $193.5 thousand USD, which represents a rise of 7.57846%. With a circulating supply of 97.5 million, the current price of Solanium is showing a positive trend.

Analisis Fundamental Solanium

Fundamental analysis aims to measure the intrinsic value of an asset, while technical analysis examines statistical patterns in price and volume. Both are used to analyze and predict future asset prices. 

In the case of SLIM, fundamental analysis involves observing supply and demand dynamics, market capitalization, and circulating supply to arrive at a reasonable price assumption. Demand can be observed through on-chain data related to the number of active addresses, new addresses, and the number of transactions.

Factors Affecting Solanium Prices

Several factors can affect the price of Solanium, including market supply and demand, technology adoption, protocol updates, hard forks, and whale activity. Significant events and political regulations also play a significant role in determining the value of Solanium.

Summary

Solanium price predictions can vary and sometimes be contradictory due to the many factors involved. There is no completely accurate method for determining the future value of a crypto asset. It is important to always do your own research before investing in any crypto asset.

How to Buy Crypto with Bittime

You can buy and sell crypto assets easily and safely through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed your identity verification. Also, make sure you have sufficient balance by depositing some funds into your wallet. Just so you know, the minimum asset purchase on Bittime is IDR 10,000. After that, you can make crypto asset purchases in the application. 

Monitor the price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.