Year of the Dragon

Solana

April

Smog

<img src="https://cdn.thebittimes.com/images/2024/04/03/1712156708.webp" width="743" height="413" alt="">
The price of Solana (SOL) has risen 5% today, April 3, allowing to reach the resistance level at $190. The crypto industry’s fourth-largest coin by market cap has failed to breakout above this level as of the time of writing, however, and instead, it remains just below it.
The SOL price’s recovery comes as the majority of cryptocurrencies started trading in the green once more. Over the past two days, the crypto market experienced a small correction which included Solana, before a bounce this morning.
After climbing past $200 on Sunday, March 31, SOL started seeing a correction that took it down to a support level at $180 by mid-day yesterday, April 2. As mentioned, the recovery that followed in the last 24 hours brought SOL back to $190, but for the time being, the Solana price has not yet made a full recovery.
<h2 dir="ltr" id="span-solana-news-span">Solana News</h2>
<blockquote class="twitter-tweet">
 1/ The Solana ecosystem is moving forward — fast. ☀️ Tickets are now available for <a href="https://twitter.com/hashtag/Breakpoint2024?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Breakpoint2024</a>! Join the Solana community and industry leaders in Singapore 20-21 Sept. 2024. Learn more and get your tickets: <a href="https://t.co/ieO0q3vOXi" rel="noopener noreferrer nofollow">https://t.co/ieO0q3vOXi</a> <a href="https://t.co/d4R2awFB4e" rel="noopener noreferrer nofollow">pic.twitter.com/d4R2awFB4e</a> — Solana Breakpoint ☀️ SINGAPORE Sept. 20-21, 2024 (@SolanaConf) <a href="https://twitter.com/SolanaConf/status/1775135838449377549?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 2, 2024</a>
</blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Solana has had some positive developments lately. It recently <a href="https://twitter.com/solana/status/1775139785746600261" target="_blank" rel="noopener noreferrer nofollow">announced</a> that it had started selling tickets for Breakpoint 2024, which will take place on September 20-21 in Singapore.&nbsp;
On top of that, the Solana team also <a href="https://twitter.com/solana/status/1775332977091948573" target="_blank" rel="noopener noreferrer nofollow">announced</a> that it is enabling support for SPL stablecoins, such as USDT and USDC on XPOS. In its announcement, it says that this could help expand the Solana payments ecosystem. Also, the project shared that PUNDI X onchain governance is currently ongoing to make digital currencies on Solana available for XPOS customers and merchants.
<h2 dir="ltr" id="span-solana-price-prediction-span">Solana Price Prediction</h2>
With Solana seeing a slight recovery in the last 24 hours, traders interested in the SOL price are wondering what is next for the world’s fourth-largest cryptocurrency. Technical indicators are often used to try and make a prediction, although it is worth noting that they are not always very reliable.
Even so, knowing what to expect plays a huge role in creating a trading strategy, which is why traders look at indicators such as Bollinger bands. In Solana’s case, however, the bands have recently started narrowing again, getting very close to each other now. This is typically taken as a bearish signal, which might suggest that SOL price will once again correct, and possibly nullify the recovery seen in the last 24 hours.
<img src="https://lh7-us.googleusercontent.com/AgBlu_Gi0rLV1ExsNogTU-y9KfSePaZLLV7UQiJMgEXJ9NN28iYGSH1axaX98IcsCpwOKEiXW2w5U1owIQfCBYsePnKVm8zpJEQcmMyT3OQzTMO2Gz4y2w_-XMbQth_6zF6EsbrJuihS" width="624" height="285" style="display: block; margin-left: auto; margin-right: auto;">
TradingView: SOL/USDT 30-Minute Chart
On the other hand, Solana’s Relative Strength Index (RSI) value shows signs of growth. After dropping from the value of 70.58 earlier today to the neutral zone at 50, the RSI value started to increase again. At the time of writing, it has reached 53.50, showing that it is moving up, toward the overbought territory.
This is a bullish signal, considering that the overbought zone is still far away. The growing RSI score shows that traders are buying more than they are selling, meaning that the buy pressure is on the rise.
If this indicator is correct, SOL could possibly breach the $190 resistance, and possibly even go back to $200. However, given that the indicators are contradicting each other, this shows that the market is uncertain and increased volatility is to be expected.
<h2 dir="ltr" id="span-solana-meme-coin-airdrop-season-heats-up-span">Solana Meme Coin Airdrop Season Heats Up</h2>
While Solana could be a great opportunity for investors right now, there is another cryptocurrency that runs on its blockchain that might be an even better buy right now.&nbsp;
The project in question is called <a href="https://shrt.care/1055c6b7?referrer=solana-price-prediction-and-sol-meme-coins-with-airdrops-to-watch" target="_blank" rel="noopener noreferrer nofollow">Smog (SMOG)</a>, and it is one of Solana’s most popular new meme coins.
<img src="https://lh7-us.googleusercontent.com/BVEaJEVK7Xo4LlgmNZDV-aJKgYuTpDhCA69dei36xwThwOdckcu-2qJsBjRfiW9GiWm6v3dw8sLk9wb0W_MWks9Mg1XnHz6lQWW6Mozn7GQkqQRhBK4dlcefpeF3hovGe4-LXAFrK5UR" width="624" height="309" style="display: block; margin-left: auto; margin-right: auto;">
Following its <a href="https://www.techopedia.com/cryptocurrency/solana-icos" target="_blank" rel="noopener noreferrer nofollow">ICO</a> Smog rapidly became one of the most trending Solana-based cryptocurrencies on DEXScreener with its novel dragon imagery. Given that 2024 is the Year of the Dragon according to the Chinese zodiac, SMOG quickly attracted traders’ attention.&nbsp;
Not only are dragons the most powerful mythical creatures, but they also symbolize luck. This is one of the reasons why the token has attracted so much interest from investors.
Another reason is the fact that it is holding ‘the greatest Solana airdrop of all time.’ The project offered its SMOG token at a 10% discount, and all those who buy it and stake it earn XP which makes them eligible to participate in the airdrop.&nbsp;
The more XP you earn, the bigger the reward that you get. Plus, staking SMOG allows users to receive staking rewards.&nbsp;
<iframe width="560" height="315" src="https://www.youtube.com/embed/bBoIF3_XIrY?si=Ke-WDf0YJ5ujoWpK" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
While the airdrop is ongoing as of the time of writing, SMOG is still available for a 10% discount on the project’s platform, where it can be bought in exchange for ETH, USDT, or via credit/debit card.&nbsp;
In other words, this is likely the last chance to buy it before the discount is removed, so anyone interested in buying SMOG should move quickly.
<a href="https://shrt.care/1055c6b7?referrer=solana-price-prediction-and-sol-meme-coins-with-airdrops-to-watch" target="_blank" rel="noopener noreferrer nofollow">Visit Smog Website</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-price-prediction-and-sol-meme-coins-with-airdrops-to-watch-tbt84359.html">https://thebittimes.com/solana-price-prediction-and-sol-meme-coins-with-airdrops-to-watch-tbt84359.html</a>

Solana Price Prediction And SOL Meme Coins With Airdrops To Watch

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