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The Solana price has surged 5.5% in the last 24 hours to trade at $101.15 as of 4:49 a.m. EST on trading volume that dropped 15% to $2.6 billion.
This jump adds to the positive sentiment for Solana’s price, which has soared more than 15% in the last 7 days.
Former BitMEX CEO Arthur Hayes added to upbeat sentiment, predicting a boom tied to what he sees an incoming banking crisis. This observation comes after New York Community Bancorp’s stock experienced a 40% decrease.
I think it might be time to get back on the train fam. Maybe after a few US banks bite the dust this weekend. pic.twitter.com/SxCwK3BVYB
— Arthur Hayes (@CryptoHayes) February 1, 2024
Hayes has been optimistic on Solana since the SOL token was valued at $60. His bullish prediction of it reaching $100 proved to be accurate.
The Solana Price Ascending Triangle Signals Bull Rally
The Solana price has been rising gradually on an upward trend after a prolonged period of price decline.
The bulls have found a support level at $85.28 within the triangle, pushing the price to the triangle’s upper boundary, anticipating a break and initiating a bull rally. The ascending triangle normally indicates a continuation of the bullish trend for the Solana price.
The price is trading above the 50 and 200 simple moving averages (SMA), with the 200 SMA acting as immediate support for the SOL price. Moreover, there is a moving average cross that confirms the upcoming surge above the triangle.
The Relative Strength Index (RSI) is also bullish, trending upwards above the 50 midline level to 59. If the momentum speeds up, the RSI could enter the overbought region of 70, confirming the bully rally.
The Solana Price Prediction
The bulls have taken advantage of the ascending triangle to push the price up, anticipating a bull rally to recuperate their losses, targeting around the $135 mark.
However, bears still have an opportunity to intervene to apply downward pressure to the price. It could force the bulls to retreat to the $94 threshold if this occurs.
Meanwhile, newcomer eTukTuk is surging in presale, attracting huge investor sentiment and promising lucrative returns and rewards through its staking and play-to-earn features.
eTukTuk Presale Approaches $844,000 Goal, Buy Fast Before Price Surge
While Solana traders are on the lookout for a buy signal, investors are eyeing the potential for a 10X return by the eTukTuk presale, which has secured over $740,000, closing in on its $844,000 target. TUK tokens are priced at $0.02625, but will increase in 11 days.
Explore the full potential of our project and discover how to join our token sale in this insightful article by @cryptonews https://t.co/rJ48D2J48p
— eTukTuk (@eTukTukio) January 29, 2024
The eTukTuk project plans to transform the transportation industry in developing countries by introducing electric Tuk Tuks (small three-wheeled vehicles) and setting up a network of environmental charging stations. The goal is to reduce pollution, make people healthier, and include more people in economic activity.
9/
Toyota prepares for the global rollout of its solid-state battery electric vehicles within a few years. This advancement signals a major leap in battery technology, with implications for enhanced range and efficiency 🔋🌐https://t.co/5vdxLZ7BDm
— eTukTuk (@eTukTukio) January 17, 2024
Get TUK Tokens Now, Stake, Play-to-Earn and Earn Rewards
The eTukTuk platform also offers a chance for you to earn rewards through staking your $TUK tokens for an annual pay yield of 296%. Over 16 million TUK tokens are already staked, with the current reward per BSC block standing at 4.75.
Additionally, you can earn rewards with the play-to-earn game launching soon. The game, which is similar to Crazy Taxi, will require you to pick up and drop off passengers on the bustling streets of Sri Lanka. You earn $TUK tokens by completing missions and ferrying passengers to various locations.
YouTuber and crypto analyst Alessandro De Crypto says that eTukTuk presents a better opportunity for lucrative returns if you buy early. In one of his videos, he explains how you can buy TUK tokens and stake for huge benefits.
https://youtu.be/DDU_5iXPzkA
You can buy the TUK tokens by visiting the official eTukTuk website. Connect your wallet and swap your BNB or USDT for $TUK tokens. You can also buy directly using your bank card.
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