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The Solama price has pumped 27% in the last 24 hours to trade at $0.1074 as of 8:30 a.m. EST.
Solama, a relatively recent addition to the crypto space on the Solana blockchain, has swiftly established itself as a leading contender among Solana meme coins, exploding 2,488% in the past week.
Solama Price Bulls Finds Footing To Push The Price Upwards
The Solama price is showing a steady upward trend after a period of sustained consolidation. Bulls have established a solid support level at $0.003921, propelling the price towards the resistance level of $0.1706.
Even with the bears initiating a correction, the support zone at $0.0706 signals the bullish resilience, as they regroup to drive the price upward.
Moreover, the technical indicators support the momentum as the price trading above the 50-day and 200-day simple moving averages (SMA) indicates a general bullish momentum. The moving average cross at $0.00622, affirming the general bullish momentum.
The Relative Strength Index (RSI) indicates a rebound on the 50 midline level, trending below the overbought region of 70 at 62. Increased momentum could push the RSI back to the overbought region.
The Solama Price Bulls Sustain Bullish Momentum
Currently, the Solama price is in a push and pull from bulls and bears as they try to take control of the price. Moreover, the bulls may regroup at the $0.001271 support level to fly the price above the $0.1706 resistance, forming new highs in the upcoming weeks.
However, bears may intervene, pushing down the price to confirm a bearish trend reversal, forcing the bulls to retreat to the $0.0427 support level.
Meanwhile, you might want to consider the new token Smog, which is dominating events on Solana and promising the biggest airdrop ever. Experts say it still has the potential to surge another 1000X.
Best 1000X Opportunity, Smog Explodes 164%
Smog, the dragon-themed meme coin, has fueled considerable interest from prominent investors, skyrocketing 164% in the past week, propelling it to the forefront of the meme coin arena.
Smog boasts an impressive market capitalization of $239 million, making it the 13th-largest meme coin with over 75,000 holders.
The SMOG airdrop, advertised as “the greatest in history,” is a fantastic opportunity to gain free loot. The Smog team has allocated 35% of the total 1.4 billion token supply to be distributed to community members through the airdrop.
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
Buy Smog Now, Qualify For The Biggest Ever Airdrop
Buying and holding SMOG in your wallet qualifies you to participate in the Smog airdrop. You can also earn airdrop points by joining Smog’s socials and participating in daily tasks that are managed by Zealy. Airdrop members on the platform have already completed over 1.5 million quests.
Join the #SMOG community on #Zealy and increase your points for the $SMOG #Airdrop. 🐲
Complete quests for extra points! 📊
Stay tuned for upcoming announcements. 📢🔗https://t.co/3EQxvQwsw3#CryptoCommunity #Altcoins #Memecoins #Binance #Crypto
— SMOG (@SMOGToken) February 21, 2024
You can also participate in $SMOG’s weekly giveaway competition that ends every Friday, with a prize of $5,000 worth of $SMOG.
And you can earn passively by staking $SMOG tokens for a 42% annual percentage yield (APY).
Crypto analyst and YouTuber Jacob Bury says that SMOG has the potential to surge 1000X, helping mint a new batch of millionaires this year.
The best way to buy and stake tokens is via the official website, where you will get a 10% discount to the market price. You will require a compatible wallet to swap your ETH or USDT.
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