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The Solana price has outperformed other major cryptocurrencies, with a staggering 150% increase over the past month, and is trading at $52.26 as of 7:20 am EST.
SOL’s trading volume has also surged 25% over the past 24 hours, reaching $2.93 billion.
#Solana (SOL) Price Analysis
There’s no doubt that the Solana price is registering massive gains these days, as seen in the daily price chart. SOL price surged by 164% in a month and 41% in the last seven days. Currently, bulls are attempting to breach a crucial resistance… pic.twitter.com/9cBVsrDEXZ
— doremon (@heonuxi) November 12, 2023
The recent surge in price can be attributed to the transfer of 2.14 million SOL tokens, worth about $94 million, from the FTX exchange last week.
FTX is now transferring the remaining 4.8 million SOL tokens valued at over $211 million, and they also hold 3.96 million SOL tokens in a stake account.
This transfer is intended to settle debts with creditors and clients, and SOL represents a significant portion of FTX’s assets. This might drive the price of SOL to $100 in the coming weeks
Solana Price: Bulls Could Be Aiming For $100
Despite FTX’s sale, investors seem unfazed as SOL continues to attract significant funds. This suggests that SOL could surpass the $65 mark.
The SOL price has experienced an upswing, characterized by a consistent upward trajectory on its price chart.
The bulls have effectively overcome the resistance level at $32.49, and as a result, a strong support level has been established at $47.17.
Solana Price Crossed Moving Averages
The Solana price has successfully crossed the 50-day and 200-day moving averages, indicating a bullish sentiment in the market. Crossing the 50-day SMA over the 200-day SMA could attract more buyers.
However, it’s important to note that there has been a slight decrease recently, with the RSI dipping to 74. This minor pullback suggests a need for cautious optimism in the short term.
Bearish traders could also take advantage of the $65 resistance by correcting the price to minimize their losses. This could exert downward pressure on the price, with a focus on the $47.17 support zone.
If you missed out on the recent surge in SOL prices, you have the golden opportunity to participate in the TGC presale, which has witnessed a remarkable surge in funding for lucrative gains.
TG.Casino Presale Crosses $2 Million, Buy Fast
The TG.Casino presale has entered its 4th stage, witnessing a rise in the token price to $0.155 from its previous value of $0.15. The presale initiative has raised $2,013,267 in funding, reaching 80% of its initial target of $2.5 million.
2 MILLION 💰
We have raised $2 million in presale so far. A major milestone for TG Casino!
Thank you everyone! LFG! pic.twitter.com/CBTkUojo6f
— TG Casino (@TGCasino_) November 14, 2023
As the current presale stage ends in two days, investors are eagerly entering the market to acquire more TGC tokens.
The TGC team observed a significant transaction from a whale who purchased TGC tokens worth 15,000 USDT. With the token price set to rise in the next stage, it is advisable to secure tokens now at the discounted price of $0.155.
HUGE buy into the $TGC presale💰
LFG!!! pic.twitter.com/12qGKCfJmp
— TG Casino (@TGCasino_) November 13, 2023
TG.Casino stands out due to its significant growth potential, attributed to its integration with an extensive user base of over 1 billion on Telegram.
Jackpot! Stake And Earn 262% APY
TGC has implemented a staking program, enabling users to lock up their TGC tokens and earn prizes and rewards. Users can also use an appealing Annual Percentage Yield (APY) of 262%. Additionally, the platform provides a substantial 25% cashback on losses from wagers made with TGC tokens.
Experts and analysts assessing the project predict that initial investors might see their investments increase by 100X once the project is listed on exchanges.
Cilinix Crypto, a well-known YouTuber boasting over 36.6k subscribers, has created a YouTube video guiding the purchasing and staking of TG.Casino. In the video, he expresses his positive outlook and bullish sentiment by investing $350 in TGC tokens.
You can join the presale now. Visit the official TG.Casino website, connect your digital wallet and purchase $TGC tokens using various cryptocurrencies such as ETH, USDT, and BNB.
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