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Solana’s price tumbled 4% in the last 24 hours to trade at $68 as of 3.30am EST, while trading volume surged 31% to $2.93 billion.
Pseudonymous analyst The Flow Horse believes Solana will likely see an 18% surge soon.
Just non-stop consistent taker activity for $SOL across all venues.
This is grinding up for a pop.
I think $80 is a reasonable next target. pic.twitter.com/fvREJZ4siZ
— HORSE (@TheFlowHorse) December 7, 2023
Solana Price Prognosis
While Solana’s price did see a 4% drop in the last 24 hours, the coin is still up by 10% on the weekly chart. SOL price kept dropping after reaching its weekly peak on Dec. 9, when it climbed to $77.3.
The following correction brought SOL to a resistance-turned-support at $72, from where it bounced back up to $75. However, its price was rejected on early today.
While the resistance at $70 and the one at $72 could stop it progressing, there are reasons to believe that the start of the week might bring a new surge.
Analysts like The Flow Horse believe that SOL will see a roughly 18% surge as it is “respecting the one standard deviation band volume-weighted average price (VWAP) of the trend.”
The chart below also shows that Bollinger bands have already started widening with the start of the new week, signaling a surge in demand.
The coin’s Relative Strength Index (RSI) has also started seeing its score rise after reaching the oversold territory, indicating that opportunity seekers have rushed in to buy the dip.
This is a positive sign that will help SOL build up momentum. Consequently, Solana could easily break through the previously mentioned resistances at $70 and $72.
Many analysts believe that SOL could go for the resistance at $80 next, although it remains to be seen whether the price can go that high.
Solana Price: Promising Alternative to SOL
One of the most promising alternatives to Solana right now is TG.Casino (TGC) — a new project that seeks to become every crypto user’s exclusive place for online, anonymous gambling.
While SOL predictions are bullish, experts believe that the new casino’s returns are likely to be much higher.
🎉🎉https://t.co/1CivTnIx4Z is now live! 🎉🎉
🎰To play all you need to do is go to @TGCasinoOfficialBot on Telegram and deposit funds.
📢 Join the community Telegram https://t.co/9yzBerkqhS for further information and T&C’s. pic.twitter.com/RtuohMvDLc
— TG Casino (@TGCasino_) September 28, 2023
TG.Casino is a fully licensed and 100% safe online casino that offers several benefits and rewards to those who buy its token. For example, any losses that you experience while gambling using TGC will still provide you with 25% cash back.
Furthermore, presale buyers are entitled to special rewards when playing, and they stand to become high rollers if they invest $5k+ in TGC.
Ever dreamt of being part of a casino? Where players can play the most popular games such as Wanted Dead or a Wild?
Soon you’ll be able to! $TGC holders get exclusive rewards and benefits from staking their tokens! pic.twitter.com/6wtRMM0hZS
— TG Casino (@TGCasino_) September 19, 2023
The project also notes that buying TGC now will ensure you get it at the best possible price. The project’s presale is one of the most successful in 2023, as it has already raised over $3.78 million.
TGC is selling for $0.18, but in less than 24 hours the token’s price will increase. Those who buy TGC can do so in exchange for ETH or USDT.
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