Solana

Parabolic

Green

Coin

<p><span style="font-weight: 400;">The Solana price has slumped 5% in the last 24 hours </span><a href="https://www.coingecko.com/en/coins/solana" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">to trade at $178.15</span></a><span style="font-weight: 400;"> as of 4:05 a.m. EST on a 37% drop in trading volume to $5.4 billion.</span></p>
<p>Despite the decline, new <a href="https://www.coingecko.com/research/publications/most-popular-blockchain-ecosystems" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">research</span></a><span style="font-weight: 400;"> by CoinGecko shows that Solana is the world’s most popular crypto network, accounting for almost a half of investor interest.</span></p>
<p>“Solana ecosystem’s dominant mindshare has been fueled by <a href="https://www.coingecko.com/en/coins/solana" rel="noopener noreferrer nofollow">Solana</a>’s continued rally back to 2021 highs, alongside the strong performance of key ecosystem project tokens such as&nbsp;Pyth and native meme coins such as&nbsp;Dogwifhat,” it said.</p>
<h2 id="span-style-font-weight-400-solana-price-bulls-signals-a-rebound-below-the-50-sma-span"><span style="font-weight: 400;">Solana Price Bulls Signals A Rebound Below The 50 SMA</span></h2>
<p><img decoding="async" class="alignnone wp-image-493021 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/03/sol.jpg" alt="Solana Price" width="1600" height="687" srcset="https://insidebitcoins.com/wp-content/uploads/2024/03/sol.jpg 1600w, https://insidebitcoins.com/wp-content/uploads/2024/03/sol-300x129.jpg 300w, https://insidebitcoins.com/wp-content/uploads/2024/03/sol-1024x440.jpg 1024w, https://insidebitcoins.com/wp-content/uploads/2024/03/sol-768x330.jpg 768w, https://insidebitcoins.com/wp-content/uploads/2024/03/sol-1536x660.jpg 1536w" sizes="(max-width: 1600px) 100vw, 1600px"></p>
<p><span style="font-weight: 400;">SOLUSD Chart Analysis. Source: Tradingview.com</span></p>
<p><span style="font-weight: 400;">The Solana price shows a period of stability, trading within the range of $100 to $119 for a short while. Following this, there was a 40% surge as the bulls took charge, driving the momentum to the $210 resistance level.</span></p>
<p><span style="font-weight: 400;">However, the bears took over, applying downward pressure and forcing the bulls to retreat to the $168 support zone, forming a double bottom pattern, indicating at a shift towards a bullish trend. If this momentum continues, we could see SOL price rallying again, potentially recovering lost ground.</span></p>
<p><span style="font-weight: 400;">Currently, the SOL price is trading below the 50 Simple moving average but has managed to stay afloat above the 200 SMA. However, if overall bullish sentiment strengthens, the bulls might push the price above the 50 SMA, confirming the potential for a bull rally.</span></p>
<p><span style="font-weight: 400;">The Relative Strength Index (RSI) also shows signs of bouncing back around the 40 mark, just below the midline level of 50. If momentum picks up, RSI could enter the overbought zone.</span></p>
<h2 id="span-style-font-weight-400-solana-price-bulls-ready-on-for-another-bull-rally-span"><span style="font-weight: 400;">Solana Price Bulls Ready On For Another Bull Rally</span></h2>
<p><span style="font-weight: 400;">Despite a drop from its record high of $210 and trading below the 50 SMA, the Solana price indicates an overall upward trend. With the support from the double-bottom pattern SOL price might initiate another bullish momentum, driving the price higher to reach its all-time high of $259 and possibly a new high.</span></p>
<p><span style="font-weight: 400;">However, if bears maintain control below the 50 SMA, the price might retreat towards the $150 support level, which aligns with the 200 SMA.</span></p>
<p><span style="font-weight: 400;">Meanwhile, investors are flocking to the newly-listed token DogWifCat, which soared 2</span>,367% on launch yesterday, prompting analysts to ask if it’s the new BOME. It’s pared gains since then but is still up an impressive 345%.</p>
<p><iframe title="Dog Wif Cat Coin on Solana Set to Skyrocket 100x! Get in on the Next Big Meme Craze Now!" width="640" height="360" src="https://www.youtube.com/embed/3pe2_MyfexI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<h2 id="span-style-font-weight-400-a-promising-alternative-span"><span style="font-weight: 400;">A Promising Alternative</span></h2>
<p><a href="https://insidebitcoins.com/visit/dogwifcat" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">DogWifCat ($DWIFC)</span></a><span style="font-weight: 400;">&nbsp;</span><span style="font-weight: 400;">stands out from its predecessors by ditching the hat and opting for a rhyming cat. This unique approach has a catchy quality, which holds significant weight in the world of meme coins, where virality is key.&nbsp;</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Looks like <a href="https://twitter.com/search?q=%24DWIFC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DWIFC</a> could be the next <a href="https://twitter.com/search?q=%24BOME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BOME</a> but without the presalers</p>
 <p>Liquid x's hit different. 7m liquidity on this &amp; the whale buyers are relentless. <a href="https://t.co/0WI98Op7Du" rel="noopener noreferrer nofollow">https://t.co/0WI98Op7Du</a> <a href="https://t.co/ZFQs7a6mMZ" rel="noopener noreferrer nofollow">pic.twitter.com/ZFQs7a6mMZ</a></p>
 <p>— Eric Cryptoman (@EricCryptoman) <a href="https://twitter.com/EricCryptoman/status/1770980851112632339?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 22, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p><span style="font-weight: 400;">Surging out of nowhere, $DWIFC has quickly reached a market capitalization of $15.9 million.</span></p>
<p><span style="font-weight: 400;">With liquidity currently at $5.3 million, there’s plenty of capacity to support substantial transactions. As stated on the DWIFC website: “Lots of coin, meme potential, plus cats, DogWifCat = a promising investment.” </span></p>
<p><span style="font-weight: 400;">In simpler terms, this dog-cat combo could offer lucrative opportunities for profit. </span></p>
<p><span style="font-weight: 400;">Whales have been rushing to buy more DWIFC for their portfolios, with one particular whale buying DWIFC worth $102,000.</span></p>
<p><img decoding="async" class="alignnone wp-image-493019 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/03/dwifc.jpg" alt="dwifc" width="545" height="128" srcset="https://insidebitcoins.com/wp-content/uploads/2024/03/dwifc.jpg 545w, https://insidebitcoins.com/wp-content/uploads/2024/03/dwifc-300x70.jpg 300w" sizes="(max-width: 545px) 100vw, 545px"></p>
<p><span style="font-weight: 400;">As meme coins continue to grab attention in the market, it’s anyone’s guess where the price might eventually land. But DogWifCat feels like it has the bark and meow to keep traders returning for another bite.</span></p>
<p><span style="font-weight: 400;">You can</span><span style="font-weight: 400;">&nbsp;buy DWIFC</span><span style="font-weight: 400;"> via the official website <a href="https://insidebitcoins.com/visit/dogwifcat" rel="noopener noreferrer nofollow">here</a>.&nbsp;</span></p>
<h2 id="span-style-font-weight-400-related-news-span"><span style="font-weight: 400;">Related News</span></h2>
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Solana Price Prediction: SOL Slumps 5% As This New SOL Meme Coin Goes Parabolic With 345% Pump

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