Solana

Pepe

PEPE

Coin

The Solana price has jumped 4.5% in the last&nbsp; 24 hours <a href="https://www.coingecko.com/en/coins/solana" rel="noopener noreferrer nofollow">to trade at $181</a> as of 12:30 a.m. EST on a 93% pump in trading volume to $4.1 billion.
Solana has had a strong run recently, jumping 39% in the last two weeks. This sparked a Fear of Missing Out (FOMO) among investors, which ended up driving Solana’s price even higher, says Santiment.
Analysts are hopeful about Solana’s future and believe the current price surge might push SOL above $200 again.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🚨 BREAKING: <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> reclaims $185. <a href="https://t.co/axEexPVxZu" rel="noopener noreferrer nofollow">pic.twitter.com/axEexPVxZu</a>
 — SolanaFloor (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1815213297920078205?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 22, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="span-style-font-weight-400-solana-price-forms-strong-bullish-support-span">Solana Price Forms Strong Bullish Support</h2>
Solana’s price has seen a steep drop, underscoring its strong bearish momentum. Initially, it fell to a critical support level of around $157 but then broke below that, dropping further to $138. This hit the lower boundary of the consolidation zone and formed a triple bottom pattern, which traders often view as a bullish reversal signal.
The support zone currently acts as a foundation for the bulls’ catapult to the $185 level. If the bulls break above this level, it also indicates that the price might rally above it and push to a new all-time high.
<img decoding="async" class="alignnone wp-image-555265 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/07/SOLUSDT_2024-07-22_07-33-50.png" alt="Solana Price" width="980" height="545" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/SOLUSDT_2024-07-22_07-33-50.png 980w, https://insidebitcoins.com/wp-content/uploads/2024/07/SOLUSDT_2024-07-22_07-33-50-300x167.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/SOLUSDT_2024-07-22_07-33-50-768x427.png 768w" sizes="(max-width: 980px) 100vw, 980px">
SOLUSDT Analysis (Source: Tradingview)
The price is currently trading above the 50-day and 200-day Simple Moving Averages (SMAs). If market sentiment continues,it might help the bulls drive the price above the $185 level, potentially sparking a strong rally.
The Relative Strength Index (RSI) rebounded from 34, below the 50 neutral levels, to 67, near the overbought zone, indicating intense buying pressure. If bullish momentum builds, the RSI could rise and enter the overbought territory above 70.
Moreover, the Moving Average Convergence Divergence (MACD) indicates a bearish trend. The blue average line recently crossed below the orange signal line above the neutral level, indicating bearish momentum. Additionally, the histogram bars reflect negative price movement, reinforcing the bearish outlook.
<h2 id="span-style-font-weight-400-solana-price-prediction-technical-indicators-looking-good-span">Solana Price Prediction: Technical Indicators Looking Good</h2>
The technical indicators for Solana are looking good, suggesting a potential bull rally ahead. If Solana’s price moves above the 50 SMA, it could kick off this rally, with bulls targeting a return to the previous high of $205.
On the flip side, there’s also a double bottom pattern that could let bears push the price down, which would undermine the bullish outlook. If that happens, bulls might have to fall back to the $155 support level.
Solana seems ready for a comeback. If it breaks through key resistance levels, the market dynamics could shift in its favour.
<h2 id="span-style-font-weight-400-this-p2e-meme-coin-zooms-past-5-8-million-span">This P2E Meme Coin Zooms Past $5.8 Million</h2>
Investors in the new Doge derivative <a href="https://insidebitcoins.com/visit/playdoge" rel="noopener noreferrer nofollow">PlayDoge (PLAY)</a> are matching the bullish enthusiasm of those pushing the Solana price higher.
The play-to-earn meme coin is off to a fantastic start in its presale after raising more than $5.8 million. This project taps into two of the hottest trends in crypto: meme coins and gaming.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Don’t ghost your <a href="https://twitter.com/hashtag/Doge?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Doge</a> or it’ll die 👻
 Feed your Doge, earn rewards, and level up. No mazes, just fun!<a href="https://twitter.com/hashtag/Presale?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Presale</a> has launched! 🙌<a href="https://twitter.com/hashtag/PlayDoge?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PlayDoge</a> <a href="https://twitter.com/hashtag/P2E?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#P2E</a> <a href="https://twitter.com/hashtag/Memecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Memecoin</a> <a href="https://t.co/Fp2sFwycpj" rel="noopener noreferrer nofollow">pic.twitter.com/Fp2sFwycpj</a>
 — PlayDoge (@PlayDogeGame) <a href="https://twitter.com/PlayDogeGame/status/1796577377746620905?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 31, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
PlayDoge blends the iconic Doge meme with the beloved 90s Tamagotchi game, creating a fun virtual gaming experience where players earn the game’s native token, $PLAY.
Using the play-to-earn (P2E) mechanics, players can earn rewards depending on how well they care for their pets.
In addition to P2E rewards, token holders can earn passively by staking $PLAY for an annual return of 83%.&nbsp;
Jacob Bury, a well-known crypto analyst and YouTuber, believes that PLAY has the potential to soar 10X after its launch.
<iframe title="PlayDoge New 10X Potential Play to Earn MEME Utility Token (Best Crypto to Buy Now?!)" width="640" height="360" src="https://www.youtube.com/embed/GLvTFi4aMIg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
You can buy $PLAY tokens for $0.00521 each. With a price hike coming in a little more than a day, now’s the time to buy if you want to snag the best deal.
<a href="https://insidebitcoins.com/visit/playdoge" rel="noopener noreferrer nofollow">Visit the website here to buy PLAY using BNB, USDT, or a bank card.</a>
<h2 id="span-style-font-weight-400-related-articles-span">Related Articles</h2>
<ul>
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/upcoming-crypto-presales-unlock-early-investment-calsona-plu5e" rel="noopener noreferrer nofollow">Upcoming Crypto Presales: Unlock Early Investment Opportunities!</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/bonk-price-prediction-bonk-tops-gainers-with-24-leap-but-experts-say-this-ai-meme-coin-rival-might-10x" rel="noopener noreferrer nofollow">Bonk Price Prediction: BONK Tops Gainers With 24% Leap, But Experts Say This AI Meme Coin Rival Might 10X</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/pepe-price-prediction-pepe-surges-15-but-analysts-say-this-layer-2-pepe-derivative-might-be-the-best-meme-coin-to-buy-now" rel="noopener noreferrer nofollow">Pepe Price Prediction: PEPE Surges 15%, But Analysts Say This Layer-2 PEPE Derivative Might Be The Best Meme Coin To Buy Now</a></li>
</ul>

Solana Price Prediction: SOL Jumps 4%, But Experts Say Consider This P2E DOGE Meme Coin For Parabolic Gains

Tabla de contenidos

Inside Bitcoins

Otros artículos publicados el 22 jul 2024

Solana bulls stalled at $170 – Should traders anticipate a move past $200?

Mog Coin Hits Record High

Pi Network price stalls as traders wait for the ‘real deal’

BODEN Token Crash Leads to Massive $8 Million Loss for Trader

BNB Chain Burns Tokens Worth Over $970M in 28th Quarterly Event

Ripple’s Legal Victory Secures XRP’s Future; Rollblock Set for 800% Increase as Kaspa Prices Fluc...

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!