Solana Worth Prediction: SOL Pumps 10% In A Month, However Consultants Say Contemplate This Vote-To-Earn Meme Coin For Parabolic Potential

The Solana value has pumped 10% up to now month and 1.3% within the final 24 hours to trade at $174 as of 12:20 a.m. EST on a ten% surge in buying and selling quantity to $3.2 billion.

Solana Worth May Fall

The SOL/USDT 1-hour chart shows a sequence of technical patterns and alerts suggesting potential value actions. Initially, an ascending triangle fashioned between October twentieth and October twenty fourth, a bullish continuation sample the place the worth steadily rose whereas encountering resistance.

This sample sometimes alerts purchaser power, and true to kind, SOL/USDT broke above the triangle’s resistance round October twenty fourth, sparking a rally to a brand new resistance stage of round $179.

After the breakout, SOL/USDT confronted vital resistance on the $178 – $179 stage, repeatedly failing to shut above it. This space grew to become a robust promoting zone, and between October twenty fourth and October twenty seventh, the worth fashioned a double high sample at this resistance stage.

This means that sellers are pushing again after the preliminary breakout rally. Following this sample, the worth has begun dropping, reinforcing the double high as a legitimate reversal sign.

SOLUSDT Evaluation Supply: Tradingview

The 50-period and 200-period Easy Shifting Averages (SMAs) present extra context on potential assist zones. The 50 SMA, at the moment at $172.43, is performing as a short-term assist stage, whereas the 200 SMA at $169.04 gives extra substantial assist, marking a essential stage for figuring out the general pattern power.

Presently, the worth is hovering across the 50 SMA, but when it breaks under this stage, it could decline additional towards the 200 SMA. A breach under the 200 SMA might point out additional bearish momentum.

Solana Worth RSI Signifies A Correction: However Can The Bulls Rebound Quick?

The Relative Energy Index (RSI) provides one other layer to the evaluation, with a present studying of 46.45, indicating delicate bearish sentiment because it has fallen under the impartial 50 stage. Beforehand, the RSI entered overbought territory, peaking at 60.49, which aligns with the double high formation and subsequent value decline. This drop within the RSI suggests weakening bullish momentum, for the Solana value doubtlessly signaling additional draw back if it continues to lower.

Trying forward, the double high sample and declining RSI indicate a possible additional decline in direction of $164, aligning with current assist ranges. The world round $164 might function a rebound zone the place consumers might step in, doubtlessly main to a different try at breaking current highs if momentum shifts.

Nevertheless, if this assist fails, the subsequent goal can be across the psychological assist stage of $160 or decrease.

Flockerz Presale Hurtles Towards $2 Million

Amid doubts over the place the Solana value is headed, traders may check out the brand new Vote-To-Earn (V2E) meme coin Flockerz (FLOCK), which has surged previous $1.1 million in funds raised in presale.

In accordance with YouTuber Crypto Zeus, with 79K subscribers, $FLOCK “may very well be enormous.”

Flockerz is getting down to change the sport within the meme coin area by placing true decentralization within the palms of its neighborhood, affectionately referred to as “The Flock.” The concept is straightforward: everybody in The Flock will get a say in shaping the way forward for the venture.

On the core of that is FlockTopia, a platform the place every holder has a voice and might earn rewards via its progressive V2E system.

🥂We’re toasting to $1M! 🥂

Together with this mega milestone comes BIG information.

🔥TELEGRAM OPENS IN 3 DAYS!🔥

⌛October twenty sixth at 15:00 CET. https://t.co/4cM18DEytN⌛ pic.twitter.com/o5vz6Nkfrb

— Flockerz (@FlockerzToken) October 23, 2024

So, by collaborating and voting, neighborhood members really get rewarded. As well as, the token gives an astronomical 1,526% annual return for staked FLOCK tokens.

To hitch the presale, you should buy $FLOCK on the official website here for $0.0058628 per token using BNB, ETH, USDT, or bank card.

Purchase earlier than a value hike in lower than 1 hour to safe the perfect deal

Associated Articles:

Most Searched Crypto Launch – Pepe Unchained

• Layer 2 Meme Coin Ecosystem
• Featured in Cointelegraph
• SolidProof & Coinsult Audited
• Staking Rewards – pepeunchained.com
• $10+ Million Raised at ICO – Ends Quickly