Solana Price Prediction: SOL Plummets 9% Amid The Crypto Crash, But This AI Meme Coin Blasts Past $7 Million

The Solana worth plummeted over 9% prior to now 24 hours to commerce at $123.48 as of 12:00 a.m. EST as buyers offload their holdings amid the crypto crash.

With this newest retracement, the SOL worth is down greater than 16% over the previous 7 days. The altcoin can be 28% within the pink on the month-to-month time-frame.

The Solana Worth Testing A Essential Help

4-hour chart for SOL/USD (Supply: GeckoTerminal)

The Solana worth misplaced the important thing help degree at $129 over the previous 24 hours. Bears are presently making an attempt to drag the altcoin under the following vital mark at $123.65 as properly. Ought to SOL shut a 4-hour candle under this technical crutch inside the subsequent 8 hours, it could possibly be susceptible to falling to as little as $118.20 within the quick time period.

Nonetheless, the Solana worth managing to remain above $123.65 for the following 8 hours may invalidate the bearish thesis. On this different situation, the crypto would possibly try and reclaim a place above the aforementioned $129 worth level. A break above this degree may then give it the muse wanted to rise to the next resistance at $135.85.

Technicals Counsel The Solana Worth May Hold Falling

Technical indicators on SOL’s 4-hour chart warn that the Solana worth would possibly preserve falling within the subsequent few hours. Each the Relative Power Index (RSI) and the Transferring Common Convergence Divergence (MACD) indicators are displaying unfavourable indicators.

Over the previous 48 hours, the Solana worth entered right into a short-term bearish cycle. That is evident by the MACD line’s crossing under the MACD Sign line throughout this era. At the moment, the previous continues to be positioned beneath the latter. The hole between the 2 traces has additionally began to develop once more, which may point out that SOL’s bearish momentum is intensifying.

In the meantime, RSI readings hover across the mid 20s. Merchants often see such low readings as an indication that bears are overpowering bulls on a crypto’s charts. 

SOL’s RSI studying on the 4-hour chart additionally suggests the altcoin is oversold. Though that is typically seen as an extended entry sign, it isn’t uncommon for the RSI to stay so low throughout instances when a crypto is being dumped by buyers.

If these technical warnings are validated, the Solana worth would possibly quickly lose the $123.65 help. It may then fall to the following vital level at $118.20 if the bearish stress persists.

With the Solana worth nonetheless beneath the management of bears, many merchants are shifting focus to promising presales just like the AI meme coin WienerAI (WAI), which has simply blasted previous $7 million in funds raised.

The Good Instrument For Merchants To Navigate The Crypto Selloff

WienerAI (WAI) is a meme coin undertaking that comes with subtle AI expertise. Wonderful-tuned to commerce the highly-volatile digital asset markets, WAI goals to be a loyal and clever companion for merchants and buyers that may help them in making extra knowledgeable selections.

Because the market continues to evolve and costs proceed to fluctuate, WienerAI’s predictive laptop fashions can uncover hidden insights entrenched deep inside the piles of information. Merchants can subsequently deal with the timing and execution of their trades, and never have to research numerous crypto charts to seek out the following alternative.

Along with its AI, WienerAI additionally affords token holders entry to a seamless token swap resolution in addition to MEV safety. This ensures that trades could be executed virtually instantaneously with out the danger of being entrance run by an MEV bot.

Given the suite of buying and selling instruments obtainable inside the WienerAI ecosystem, it’s no marvel that ClayBro, who has 130,000 subscribers on YouTube, predicts that WAI may surge 10X after launch.

Traders Additionally Attracted By WAI’s 161% APY 

The investor frenzy that has erupted across the AI meme coin is also partly as a result of profitable staking alternative obtainable to patrons at this early stage.

Anybody who purchases and locks up WAI tokens throughout its ongoing ICO will achieve entry to a 161% APY. To grow to be eligible for these rewards, buyers can make the most of the easy purchase widget embedded on the undertaking’s web site.

Are you prepared to satisfy your AI buying and selling self?

Unleash the facility of WienerAI and remodel your buying and selling recreation! 🌭🤖 pic.twitter.com/DU2BJdZLGG

— WienerAI (@WienerDogAI) July 4, 2024

Promoting for $0.000725, the token could be purchased utilizing both ETH, USDT, BNB or financial institution card. Anybody contemplating shopping for the meme coin will wish to act quick as a result of its worth is scheduled to extend in lower than two days.

Purchase WAI tokens right here earlier than its worth will increase.

Associated Articles: