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The Harry Bolz price plunged over 87% in the last 24 hours to trade at $0.0000000000008138 as of 6:32 a.m. EST as investors dump their holdings in the crypto on the market.
The HARRYBOLZ price skyrocketed yesterday after Tesla and SpaceX billionaire founder Elon Musk changed his profile name on X to Harry Bolz. The token crashed soon after Musk reverted to his original name.
Harry Bolz Price Hovering Above Support
1-hour chart for HARRYBOLZ/USD (Source: GeckoTerminal)
The Harry Bolz price is hovering above the support at $0.0000000000002690, GeckoTerminal data shows. Should the crypto drop below this point, it stands the risk of entering into a downside price discovery phase.
On the other hand, traders identifying the crypto’s current price as a buy opportunity could result in the Harry Bolz price trying to flip the resistance level at $0.0000000000002204 into support. Before it can reach this technical obstacle, however, it will first need to break above the 9 Exponential Moving Average (EMA) on the hourly chart, which is currently acting as a dynamic resistance.
Harry Bolz Price Could Soar To As High As $0.0000000000050261 In A Bullish Scenario
A break above the 9 EMA and a subsequent breach of the $0.0000000000002204 resistance could then give the Harry Bolz price the foundation needed to rise to the next major resistance at $0.0000000000023397. An extremely bullish scenario might even lead to the crypto rising to as high as $0.0000000000050261 if the pressure from buyers persists.
Looking at the Relative Strength Index (RSI) on the 1 hour chart, the indicator shows that the crypto is extremely overbought with a reading of 100/100. However, this could just be because of a lack of market structure on the hourly chart for the Harry Bolz price. Nevertheless, a confirmation of a bullish reversal could be if the altcoin’s price breaks above the 9 EMA.
As the Harry Bolz price shows no clear signs of a recovery, investors might want to consider the new Solana layer 2 project called Solaxy (SOLX). An analyst from the 99Bitcoins YouTube channel, which has over 724K subscribers, says SOLX has the potential to soar 100X after its launch.
Taking Solana’s Transaction Processing Capabilities To A Higher Level
Solaxy is the first layer 2 scaling project that aims to increase the transactional throughput of the Solana mainnet. The project’s timing could not be more ideal, as Solana becomes congested due to the soaring hype around SOL-based meme coins, especially after the launch of TRUMP and MELANIA last month.
To prevent another Solana network outage, Solaxy introduces a native layer 2 sidechain that will run in parallel to the Solana blockchain. This additional chain will be used to process transactions off of the Solana layer 1, bundle the transactions, and then submit the batches of transactions to the Solana blockchain for final verification and record keeping.
This approach will increase the amount of transactions that can be processed on the Solana network, reducing congestion and helping to slash network fees and increase processing speeds.
Solaxy will also bridge the Solana and Ethereum blockchains to create a new super ecosystem that is capable of meeting the growing demands of meme coin and decentralized application developers. After connecting both networks, SOLX will be perfectly positioned as a primary transactional layer between two of the most prominent blockchains in the Web3 space.
Investors bet Big On SOLX’s Future
Solaxy’s presale is fast-approaching the $20 million milestone, signaling strong investor confidence in the project’s future. With the bullish predictions by experts such as 99Bitcoins, coupled with the project’s mission to scale Solana, it’s easy to see why an investor frenzy has erupted around the new token.
There is also a 204% annual return on offer to anyone who buys and stakes SOLX.
Selling for $0.001632, SOLX can be bought with either crypto or bank card. Investors who want to lock in the best rate will want to act fast because the SOLX price is scheduled to increase in about 18 hours.
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