Bitcoin

Solana Price Prediction: SOL Slips 3% As Investors Send Over $2.3 Million To This Hot New Meme Coin Presale – Next Bonk?

Published

6 months ago

May 27, 2024

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The Solana value fell 3% previously 24 hours to commerce for $180.26 as of 03:53 a.m. EST on buying and selling quantity that dipped 20%.

As a result of Solana is the primary rival to the Ethereum blockchain, the stoop within the SOL value comes as ETH sucks in liquidity amid elevated optimism that Ethereum ETFs (exchange-traded funds) will quickly be authorised for buying and selling.

The identical sample is mirrored within the costs of meme cash on the respective blockchains, with the Pepe (PEPE) and Floki Inu (FLOKI) costs posting double-digit positive factors as SOL-based meme cash together with Dogwifhat (WIF) and Bonk (BONK) wrestle to maintain up with single-digit positive factors, CoinGecko information reveals.

However, famend dealer and analysts @CryptoTony_ anticipates a brand new all-time excessive for the Solana value.

$SOL / $USD – Replace

Not lengthy now for us now to go for ATHs pic.twitter.com/cQAc53n4YP

— Crypto Tony (@CryptoTony__) May 22, 2024

Solana Value Prediction

The Solana value is buying and selling with a bullish bias, recording larger highs because it consolidates inside an ascending parallel channel. With broader market optimism, the Layer-1 token broke out above the confines of the technical formation.

Merchants usually interpret an ascending parallel channel as an indication of continued upward momentum within the value of the asset. The decrease trendline acts as a degree of help, whereas the higher trendline acts as a degree of resistance.

Costs are likely to fluctuate between these two trendlines, with merchants seeking to purchase close to the decrease trendline and promote close to the higher trendline.

With the Relative Power Index (RSI) recording larger lows, bullish momentum continues to abound and the Solana value might prolong the positive factors. In a northbound directional bias, a steady candlestick shut above the 23.6% Fibonacci retracement degree would verify the continuation of the uptrend.

This might see the Solana value to reclaim the $208.60 peak. Late bulls seeking to take new lengthy positions for SOL after lacking the earlier rally ought to in all probability look forward to a steady shut above $187.44.

Notably, the Transferring Common Convergence Divergence (MACD) stays above the orange band of its sign line, suggesting the bulls are main the SOL market. The amount profile additionally reveals a inexperienced spike budding, pointing to rising bullish sentiment within the SOL market.

Solana price

GeckoTerminal: SOL/USDT 1-day chart

Converse Case

However, early revenue reserving might see the Solana value pull again. A slip beneath the 38.2% Fibonacci retracement degree of $174.35 would appeal to extra promote orders. The following promoting stress is prone to shove the Solana value beneath the 50% Fibonacci placeholder, beneath which the bullish thesis could be invalidated.

Even because the Solana value coils up its subsequent transfer, buyers are already SEAL, a brand new SOL meme coin presale that’s already raised greater than $2.3 million. In accordance with Crypto Positive aspects, with 131k subscribers, the token has ”large potential.”

Promising Various To Solana

SEAL is the ticker for the Sealana mission, a patriotic overweight American redneck seal buying and selling his manner out of his mother’s basement.

With the Solana value up 25% previously week, based on CoinGecko information, Sealana is flourishing together with its basal chain, SOL. It represents a high-risk, high-reward wager on the perpetuation of latest meme coin mania and the sustainability of investor demand.

Even an honourable discharge gained’t cease #Sealana from spreading FREEDOM together with his fellow particular forces $SEALs.🪖🦭
Placing his battlefield days behind him, Sealana and his comrades at the moment are taking over a unique enemy: keyboard warriors and #Memecoin haters.😡⌨️
He didn’t serve… pic.twitter.com/VV4oWeSjTi

— Sealana (@Sealana_Token) May 15, 2024

Sealana is a novel addition to the culture-driven area of interest of meme cash. Its hallmark is a unusual and relatable digital mascot. The character is impressed by quintessential basement-dweller archetypes, portrayed as having forgone bodily health to pursue his buying and selling endeavors and generate positive factors from the risky crypto market.

#Sealana‘s throwing a raging frat occasion for the OG $SEAL Alphas because the #Presale cruises in direction of the $1m mark. 🦭🚀

The bros are there, the beers are chilly, and the babes are en route.🇺🇸🍻

Missed the invite?📩 Seems to be such as you haven’t bagged sufficient $SEAL to make the reduce.💰 Be part of the… pic.twitter.com/riLSZCqfkB

— Sealana (@Sealana_Token) May 13, 2024

The mission’s integration with the Solana blockchain is a key benefit, leveraging Solana’s sturdy efficiency, low charges and quickly increasing ecosystem.

As an SPL (Solana Program Library) token, SEAL advantages from Solana’s scalability and thriving developer group.

👋Hey, y’all! 🇺🇸

We heard a few of you might be having some troubles shopping for $SEAL ❌ So, to make it simpler for a few of you lizard pores and skin liberals, we’re making $SEAL #MultiChain permitting ya’ll to purchase on #Ethereum! So seize a chilly one, sit down and we’ll inform ya’ll tips on how to fill your truck… pic.twitter.com/3dsuUScSbw

— Sealana (@Sealana_Token) May 9, 2024

ClayBro Says Sealana Has 10X Potential

Crypto analyst and YouTuber ClayBro says Sealana has the potential to rally 10X after launch.

Buyers fascinated about becoming a member of the Sealana group should buy SEAL for $0.022. It’s greatest to not wait too lengthy earlier than shopping for as a result of such a ”ship SOL” ICO has no timer, levels, or laborious cap, and meaning it could actually shut at any time.

Go to and purchase Sealana right here.