Solana price prediction: network fees down 35 percent in seven days, next target is $117

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The applications on Solana took in $99.6 million in fees over seven days, 35.3 percent less than in the week before. The price lost only 7.3 percent over the same period, and the direction is decided between the 50-day line at $109.21 and the 20-day line at $117.05.Solana trades at $111.84 on Monday midday, or 99.94 euros, up 2.2 percent over 24 hours. The real news of the day, though, is not in the price but in the chain's revenue: over the past seven days the applications on Solana took in $99.6 million in fees, 35.3 percent less than in the week before. The price lost only 7.3 percent over the same period. This gap between willingness to pay and valuation is the subject of this forecast, and it decides whether the 20-day line at $117.05 stays within reach this week. For holders in Germany one concrete consequence follows: anyone with SOL in the portfolio can use the two levels of $109.21 and $117.05 as a frame for limit orders today instead of waiting for a decision on direct...