Solana Price Prediction: Former Goldman Sachs Exec Sees SOL Soaring As High As $1K As This AI Meme Coin Hits $8 Million, Offers Last Chance To Buy

The Solana price climbed more than 1% over the past 24 hours and 38% in a month to trade at $150.85 as of 9:10 a.m. EST.

There may be even better times ahead. Forman Goldman Sachs executive and Real Vision CEO Raoul Pal said in an interview with Rug Radio that SOL could soar between 235% and 570% from its current level. This would see the Solana price skyrocket to between $500 and $1,000.

The Solana Price Fails To Break Resistance

4-hour chart for SOL/USDT (Source: TradingView)

The Solana price tried to break above the resistance level at $155 earlier in today’s trading session, but was rejected by this barrier twice. This double-tap at the threshold could be seen as a bearish sign, warning of an imminent correction. SOL has already retraced since the rejection, and is resting on the immediate support level at $148.98 as a result. 

A break below this support may expose the Solana price to the risk of falling to the next support level at $136.10 in the following 48 hours. Continued sell pressure at this point could then drag the crypto all the way down to $124.21 if bulls do not step in to defend SOL. This bearish thesis may be invalidated, however, if SOL manages to close a 4-hour candle above the aforementioned $155 resistance level within the next 24 hours. In this alternative scenario, the altcoin may have the foundation needed to keep rising in the following two days.

Technicals Suggest The Solana Price May Fall

Technical indicators on SOL’s 4-hour chart suggest a correction may be on the horizon. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bearish, with both on the verge of triggering major technical flags that investors will want to take note of.

The MACD line is looking to cross below the MACD Signal line. An intersection between these two lines in the next 24 hours may indicate that the Solana price has entered a short-term negative cycle. In addition to this, the RSI on the 4-hour chart shows that buyers are losing their strength against sellers, as evident by the RSI collapsing in on its Simple Moving Average (SMA) line.

Traders generally see a cross between these two lines as a signal that bears have gained the upper hand, and may subsequently pull the Solana price down in the short term.

While the Solana price stands the risk of correcting in the next 24-48 hours, Scotty the AI has now amassed $8 million in funds raised. That came after its presale sold out and its team gave investors one more chance to buy. 

A New Dog-Themed Meme Coin With A Twist

Scotty the AI is a new dog-themed crypto that is on track to become the next best meme coin. What separates the crypto from its predecessors is its cutting-edge AI models that introduce a high level of utility into the mix.

With these advanced computer models, Scotty the AI is able to inspect countless lines of code to uncover any hidden bugs that even veteran software engineers would miss. 

More importantly, the AI is able to serve as a much-needed hero in the Web3 space, as it can also detect any malicious snippets included in smart contracts’ source code. It can then warn investors of potential threats before it leads to a loss of funds.

The crypto community already has access to two AI-powered tools within Scotty the AI’s ecosystem. First is the project’s flagship offering, which is a decentralized exchange with an AI element.

Investors transacting on the platform can do so with the peace of mind that the project’s AI models are constantly on the lookout for potential threats that could lead to a loss of funds.

There is also ScottyChat, which is an AI-powered chatbot that can act as a guide for investors trying to navigate the burgeoning crypto space. Members of the crypto community can freely interact with the AI chatbot to ask it any questions they may have related to the digital asset realm.

Investors Are Rushing To Buy Into SCOTTY

Funds keep pouring into SCOTTY and there are now less than six days left to secure a position in what’s become the hottest meme coin presale of the year so far.

💥Presale Update!💥

ScottyTheAi #1 #memecoin (w/Ai utility) of 2024$SCOTTY has raised $7.7M

🎉 this was raised way faster than expected due to the high demand of the crypto community wanting to join ScottyTheAi.

Well on our way to closing out presale early and heading for… pic.twitter.com/VTkUi9rxV8

— Scotty The Ai (@ScottyThe_Ai) March 12, 2024

Scotty is now available at the launch price of $0.01. It can be bought using ETH, USDT or a bank card. BNB and MATIC can also be used, but purchases in these cryptos will not be eligible for the 32% annual rewards on offer through the project’s staking program.

Scotty can be purchased here. 

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