Solana Price Prediction: SOL Soars 10% As This PEPE Meme Coin Upgrade Crashes Past $7.5 Million In Presale

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The Solana worth has soared 10% within the final 24 hours to commerce at $152 as of seven:30 a.m. EST on a 32% drop in buying and selling quantity to $6.5 billion.

Solana Worth Evaluation: Bulls Proceed To Push The Worth Up

After a fall that noticed the Solana worth drop from a resistance degree of $188 and kind a double-top sample, the bulls are displaying resilience with a rebound from the neckline, indicating a possible return to the $188 resistance degree if bullish momentum persists.

SOLUSDT Evaluation (Supply: Tradingview)

Regardless of the current rebound, Solana’s worth remains to be hovering across the 50-day and 200-day Easy Transferring Averages (SMAs). If optimistic market sentiment persists, it may allow bulls to push the worth increased and probably set off a robust bullish rally.

The Relative Energy Index (RSI) has dropped from the overbought zone previous the 50 midline to the 30 oversold degree. Nevertheless, the resilience of the bulls has induced the RSI to rebound, creating a chance for additional worth will increase. If this continues, the RSI may rise again to the 50 midline.

However, the Transferring Common Convergence Divergence (MACD) exhibits a bearish development. The blue common line lately crossed beneath the orange sign line, indicating bearish momentum. Moreover, the histogram bars mirror adverse worth motion, which reinforces the bearish outlook.

Solana Worth Prediction: Bulls Could Reclaim The $188 Resistance

Bulls proceed to point out resilience because the technical indicators for the Solana worth are displaying a optimistic turnaround, as bulls have pushed the worth increased once more. The sturdy help degree at $127 helps the bulls regroup and proceed the uptrend. If the worth strikes above the shifting averages, it may set off a rally, probably driving the worth as much as the $188 resistance degree.

However, if the bears regain management, they may push the Solana worth beneath the sample’s neckline. The shifting averages presently act as resistance alongside the neckline, suggesting that there’s an opportunity the bulls may regain momentum.

This Layer 2 Meme Coin Presale Soars Previous $7.5 Million: Greatest Meme Coin To Purchase Now?

Whereas merchants wait to see if the Solana worth can reclaim its $188 resistance, the Pepe Unchained (PEPU) presale has blasted previous $7.5 million in funds raised.

The Breaker of Chains did it once more!

$7.5M raised! 🐸⛓️ pic.twitter.com/ygR2ivQhtl

— Pepe Unchained (@pepe_unchained) August 7, 2024

Pepe Unchained (PEPU) goals to beat the restrictions PEPE faces by working on the outdated, clunky, and congested Ethereum community.

PEPU will launch with its personal layer-2 community that guarantees transaction speeds as much as 100 instances quicker than Ethereum and considerably decrease charges.

Traders will even have the choice to seamlessly bridge their belongings between Pepe Unchained and the Ethereum mainnet, combining the low charges and speedy transactions of Pepe Unchained with Ethereum’s sturdy safety.

The 99Bitcoins YouTube channel, with over 706k subscribers, predicts that PEPU has the potential to 10X following its launch.

Traders may stake PEPU tokens for an annual return of 257%.

In case you are , you should purchase PEPU on the official web site for $0.0089461. However don’t wait too lengthy as the worth will enhance in lower than 2 days.

Purchase PEPU right here utilizing both ETH, BNB, USDT or financial institution card.