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The Solana price is down more than 7% over the past month following a small loss in the past 24 hours to trade at $134.83 as of 11:28 p.m. EST.
Despite the recent set back, the SOL price has still skyrocketed more than 650% in the past year.
The Solana Price Attempting To Overcome A Major Resistance
4-hour chart for SOL/USD (Source: GeckoTerminal)
The Solana price is attempting to overcome the resistance level at $139.37. Should it close a 4-hour candle above this barrier within the next 12 hours, the crypto could have the room needed to keep climbing in the following couple of days. This might then lead to SOL rising to as high as $152.78 in the short term.
On the other hand, the Solana price failing to establish a position above $139.37 in the coming 12 hours might invalidate the bullish thesis. In this alternative scenario, traders could begin to exert sell pressure on SOL. The altcoin might end up testing the $125.25 support as a result.
In an extremely bearish scenario, the Solana price could plunge to $109.74 if sellers decide to keep dumping the altcoin should it drop to the $125.25 mark in the next 48 hours.
Technicals Warn The Solana Price Could Be Rejected By The $139.37 Mark
Technical indicators on SOL’s 4-hour chart suggest the crypto’s price has stalled and is losing some of its bullish momentum. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are starting to show bearish signs.
RSI readings have oscillated within the low to mid 50s. Although the indicator’s value above 50 suggests bullish strength, the negative slope of the RSI line warns that bears could easily take control of the Solana price at any moment.
The MACD Histogram also turned positive throughout the past day of trading to signal that SOL has entered a short-term positive trend. However, the indicator’s value started dropping as the Solana price approached the $139.37 resistance level. Traders might see this as an early indication that the crypto will get rejected by the price point.
As traders wait to see if the Solana price can flip the $139.37 resistance into support, investors are rushing to buy Mega Dice (DICE) before its presale ends.
Backed By A Thriving Online Casino Platform
Mega Dice (DICE) has a major advantage over other crypto casino tokens, since it is backed by an already reputable brand. The rapidly growing Mega Dice casino boasts over 50K players, 10K actively monthly players and over $50 million in monthly wagering.
As part of its expansion, the casino is now looking to onboard more users through the launch of DICE. Not only will this token unlock exclusive access, rewards and benefits for holders, it will also allow investors to share in some of the casino’s daily profits.
Given the amount of dollars already being wagered on a monthly basis, DICE holders could stand to earn from day 1.
In addition to the exclusive access and bonuses, the project is also offering presale investors early bird bonuses. Select holders will receive limited edition NFTs as well that can be traded on the open market.
With everything the project has to offer and its backing by a reputable casino brand, it’s easy to see why YouTuber TodayTrader told his 11.9K subscribers that DICE could deliver 100X returns after its DEX launch.
Time Is Running Out To Buy DICE At ICO Prices
Mega Dice’s presale recently entered its final stage, and will be coming to an end in 16 days. There is still time for investors to purchase tokens to unlock all of the rewards on offer and position themselves ahead of the 100X surge forecast by TodayTrader.
WARNING: Time's Almost Up to Grab $DICE at the Lowest Price! 🚨
The $DICE presale is about to close its doors, with the last price increase happening this Tuesday! This is your absolute final chance to get in on the best #GameFi token on #Solana before the price skyrockets! ⏳… pic.twitter.com/vzF1t77DsA
— Mega Dice Casino (@megadice) August 30, 2024
Selling for $0.116056, DICE can be bought using either SOL, ETH or BNB. Once purchased, the tokens can be locked up via the staking page on the project’s website for investors to gain access to a 304% APY.
Purchase DICE here before its presale ends.
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