Rally

Solana

Raise

Sloth

Coin

The Solana price plunged 12% in the last 24 hours <a href="https://coinmarketcap.com/currencies/solana/">to trade at $137.33</a> as of 03:08 a.m. EST on trading volume that dropped 13% to $5.37 billion. 
This comes in the wake of strong manufacturing, jobs, and hotter-than-expected CPI data out of the U.S., with markets paring back bets for Fed interest rate cuts in 2024. That’s pushed U.S. government bond yields and the dollar aggressively higher in recent sessions. 
<h2 id="span-style-font-weight-400-solana-price-bulls-to-use-the-support-around-135-to-rally-the-price-span">Solana Price Bulls To Use The Support Around $135 To Rally The Price</h2> 
<figure id="attachment_506971" aria-describedby="caption-attachment-506971" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-full wp-image-506971" src="https://insidebitcoins.com/wp-content/uploads/2024/04/SOLUSDT_2024-04-16_11-08-02.png" alt="Solana Price Chart Analysis Source: Tradingview.com" width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/04/SOLUSDT_2024-04-16_11-08-02.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/04/SOLUSDT_2024-04-16_11-08-02-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/SOLUSDT_2024-04-16_11-08-02-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/SOLUSDT_2024-04-16_11-08-02-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-506971" class="wp-caption-text">
 SOLUSD Chart Analysis Source: Tradingview.com
 </figcaption>
</figure> 
The Solana price in April has been down from the $204 resistance, trading down within the boundaries of the falling wedge pattern. However, the pressure by the bears intensified, with SOL dropping below the lower boundary of the falling wedge. 
The bulls have found support at $135, which may push the price over through a new rally back to the falling wedge pattern. 
SOL is currently trading below the 50-day and 200-day Simple Moving Averages (SMAs), coinciding with the price drop. 
Additionally, the Relative Strength Index (RSI) is dropping below the 50-midline level to the oversold level at 39, showing intense selling pressure. 
<h2 id="span-style-font-weight-400-solana-price-prediction-span">Solana Price Prediction</h2> 
The Solana price analysis on the 4-hour chart indicates that Solana is poised for a trend reversal over the falling wedge pattern, as the bulls aim to use the $135 support. The bulls are targeting $200, having breached the $160 and 178 resistances, which coincide with the 50-day and 200-day SMA, respectively. 
Additionally, the RSI has already crossed the oversold levels, opening up doors for the bulls to start buying, possibly raising the price. 
However, the 50-day SMA crosses below the 200-day SMA, forming a death cross at $178.13. In such a case, the price may go down further to the support level of around $129.77. 
Meanwhile, as the Solana price bulls prepare for a rally over the falling wedge pattern, other investors are also sending SOL to Slothana, with the presale set to end in less than 13 days. 
<h2 id="span-style-font-weight-400-slothana-presale-ends-soon-last-chance-to-buy-before-listing-span">Slothana Presale Ends Soon – Last Chance To Buy Before Listing</h2> 
The new meme coin <a href="https://insidebitcoins.com/visit/slothana" rel="nofollow">Slothana (SLOTH)</a> continues to gain popularity, having raised over $10 million in less than two weeks before extending its presale to give investors a last chance to buy. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 🌿💰 Prepare for the rise of Slothana! With our coffers overflowing, it's time to embark on a Sloth crusade to establish a global empire. Slothana's reign is imminent. ⚔️ Anyone who stands in its way will face the wrath of the holy Slothana army! 🚀🦥 <a href="https://twitter.com/hashtag/SlothanaEmpire?src=hash&amp;ref_src=twsrc%5Etfw">#SlothanaEmpire</a>… <a href="https://t.co/TyFjlJTL8q">pic.twitter.com/TyFjlJTL8q</a> 
 — Slothana (@SlothanaCoin) <a href="https://twitter.com/SlothanaCoin/status/1778433277411426433?ref_src=twsrc%5Etfw">April 11, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Slothana aims to follow in the footsteps of other meme coins like $SLERF, $PUMP, $PUNDU, and $BOME, which introduced a new way of launching on Solana without price stages, timers, or hard caps. 
Interested investors can choose between sending SOL to the project’s address or by visiting <a href="https://insidebitcoins.com/visit/slothana" rel="nofollow">the Slothana website</a>, connecting a wallet, and making a direct purchase. Token distribution via airdrop will happen at the end of the presale. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 🚀 Get ready to blast off with Slothana! 🌿 We're gearing up for launch and this is your last chance to grab your <a href="https://twitter.com/search?q=%24SLOTH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SLOTH</a> 🌕 Don't miss out on the action as we prepare to announce our official launch date. Watch this space. <a href="https://twitter.com/hashtag/slothana?src=hash&amp;ref_src=twsrc%5Etfw">#slothana</a> <a href="https://twitter.com/hashtag/memecoin?src=hash&amp;ref_src=twsrc%5Etfw">#memecoin</a> 
 — Slothana (@SlothanaCoin) <a href="https://twitter.com/SlothanaCoin/status/1777270807577739506?ref_src=twsrc%5Etfw">April 8, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
According to Crypto Boy, a crypto analyst on YouTube, Slothana has the potential to surge 100X after launch. 
<iframe title="This Solana Presale can give you 100X Profit | First Solana Presale Project is Live | Solana Meme" width="640" height="360" src="https://www.youtube.com/embed/yqD1IvIVQvw?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> 
To participate in the presale, <a href="https://insidebitcoins.com/visit/slothana" rel="nofollow">you can buy $SLOTH here</a>. For every 1 SOL sent to the address, you will receive 10,000 $SLOTH. 
<h2 id="span-style-font-weight-400-related-news-span">Related News</h2> 
<ul> 
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/buy-cryptocurrency/how-to-buy-slothana">How to Buy Slothana – SLOTH Presale Review</a></li> 
 <li style="font-weight: 400;"><a href="https://www.linkedin.com/pulse/crypto-presales-worth-pros-cons-you-need-know-calsona-5aeye">🚀💰 Are Crypto Presales Worth It? The Pros and Cons You Need to Know! 💸🤔</a></li> 
 <li style="font-weight: 400;">&nbsp;<a href="https://www.linkedin.com/pulse/bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue">🚀 Bitcoin Price Prediction: Experts Forecast Bullish Trends for 2024 📈💰</a></li> 
</ul>

Solana Price Prediction: SOL Plunges 12% As This New ‘Send SOL’ Meme Coin Offers Last Chance To Buy After $10M Raise

Indice dei contenuti

Inside Bitcoins

Altri articoli pubblicati su 16 apr 2024

Exploring the Impact of New Crypto Investment Strategies

How acclaimed composer Hans Zimmer got to write a crypto theme song

Flow & Bitget Token Supporters Rally for DeeStream Anticipating a Revolution in Streaming Services

CloudNC Unveils Innovative AI Solution for Machining Efficiency

Here's How Much $1,000 In Bitcoin Will Be Worth In 2025 If Raoul Pal's Prediction Is Correct

Elon Musk and His Earnings: How Did Musk Become the Richest Man?

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!