As the year comes to an end with no significant triggers for a rally on the horizon for Solana, the focus has shifted to how SOL will begin 2023 at a point the network is recording increased development activity. 

In this line, the machine learning-based algorithms at PricePredictions that put into consideration metrics like moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), and Bollinger Bands (BB), among others, indicate that SOL is in line to sustain a consolidation momentum on the first day of 2023. 

According to the prediction, Solana will trade at $11.76 on January 1, 2023. The price represents a minimal movement from the token’s value at the time of publishing of $11.91. Per the forecast, Solana will extend its sell-off experienced in December with a correction of about 13%. 

(by Paul L.)