There may be even better times ahead. Forman Goldman Sachs executive and Real Vision CEO Raoul Pal said in an interview with Rug Radio that SOL could soar between 235% and 570% from its current level. This would see the Solana price skyrocket to between $500 and $1,000.
The Solana Price Fails To Break Resistance
A break below this support may expose the Solana price to the risk of falling to the next support level at $136.10 in the following 48 hours. Continued sell pressure at this point could then drag the crypto all the way down to $124.21 if bulls do not step in to defend SOL. This bearish thesis may be invalidated, however, if SOL manages to close a 4-hour candle above the aforementioned $155 resistance level within the next 24 hours. In this alternative scenario, the altcoin may have the foundation needed to keep rising in the following two days.
Technicals Suggest The Solana Price May Fall
The MACD line is looking to cross below the MACD Signal line. An intersection between these two lines in the next 24 hours may indicate that the Solana price has entered a short-term negative cycle. In addition to this, the RSI on the 4-hour chart shows that buyers are losing their strength against sellers, as evident by the RSI collapsing in on its Simple Moving Average (SMA) line.
Traders generally see a cross between these two lines as a signal that bears have gained the upper hand, and may subsequently pull the Solana price down in the short term.
A New Dog-Themed Meme Coin With A Twist
Scotty the AI is a new dog-themed crypto that is on track to become the next best meme coin. What separates the crypto from its predecessors is its cutting-edge AI models that introduce a high level of utility into the mix.
With these advanced computer models, Scotty the AI is able to inspect countless lines of code to uncover any hidden bugs that even veteran software engineers would miss.
More importantly, the AI is able to serve as a much-needed hero in the Web3 space, as it can also detect any malicious snippets included in smart contracts’ source code. It can then warn investors of potential threats before it leads to a loss of funds.
The crypto community already has access to two AI-powered tools within Scotty the AI’s ecosystem. First is the project’s flagship offering, which is a decentralized exchange with an AI element.
Investors transacting on the platform can do so with the peace of mind that the project’s AI models are constantly on the lookout for potential threats that could lead to a loss of funds.
There is also ScottyChat, which is an AI-powered chatbot that can act as a guide for investors trying to navigate the burgeoning crypto space. Members of the crypto community can freely interact with the AI chatbot to ask it any questions they may have related to the digital asset realm.
Investors Are Rushing To Buy Into SCOTTY
Funds keep pouring into SCOTTY and there are now less than six days left to secure a position in what’s become the hottest meme coin presale of the year so far.
💥Presale Update!💥
ScottyTheAi #1 #memecoin (w/Ai utility) of 2024$SCOTTY has raised $7.7M
🎉 this was raised way faster than expected due to the high demand of the crypto community wanting to join ScottyTheAi.
Well on our way to closing out presale early and heading for… pic.twitter.com/VTkUi9rxV8
— Scotty The Ai (@ScottyThe_Ai) March 12, 2024
Related Articles:
- Upcoming Crypto Presales: Unlock Early Investment Opportunities!
- London Stock Exchange To Start Accepting Crypto ETN Applications In The Second Quarter
- Top Crypto Gainers Today Mar 12 – Avalanche, Toncoin, Litecoin, XRP