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The Solana price has jumped by 12% to trade at $115.23 as of 6:06 a.m. EST.
Solana Price Prediction
An in-depth analysis of 2-hour SOL/USD charts reveals the Solana price could be headed towards a correction in the short term. The Relative Strength Index indicator is headed south as it approaches an exit from the overbought region, showing selling pressure on the token.
The MACD indicator is also reverting towards the red zone showing fading bullishness on Solana.
Looking at volatility, the Solana price is currently volatile, as shown by the Bollinger Bands, which are currently diverging away from each other. This can be attributed to increasing trading activities that have seen SOL’s trading volume jump by 94% within the last 24 hours.
SOL/USD charts | Source: TradingView
Meanwhile, as the Solana price risks a correction in the short term, Meme Kombat’s MK token presale is not showing signs of slowing down as more investors get on board the project.
The token presale has now garnered over $5.7 million with each token priced at $0.268. The price will increase to $0.279 in about two days so now is a good time to lock in a discount.
Solana Price Prediction: Should You Pick MK Over SOL?
As 2024 kicks off, presales have sparked a keen interest among investors seeking projects with explosive potential. Among the dynamic participants capturing attention is Meme Kombat, a venture that has ignited excitement and anticipation among its growing fan base.
$5.6 Million before it's 2024 here by us…
Let's see if we can reach 5.7 before the clock strikes 12🎉 pic.twitter.com/rynJPHnShk
— Meme Kombat (@Meme_Kombat) December 31, 2023
Project Goals
Backed by a novel idea and fueled by increasing demand, Meme Kombat is strategically positioned to achieve its ambitious goal of $6.5 million in funding. The combination of innovation and market demand places the project on a trajectory to exceed expectations.
What sets Meme Kombat apart is its pioneering approach to web3, which presents an artificial intelligence game arena showcasing epic conflicts between beloved meme characters.
From Doge to Shiba Inu and Pepe, Meme Kombat provides a unique and engaging platform that resonates with enthusiasts and investors alike. With this in mind, and with the Solana price facing a correction risk, Meme Kombat’s MK could be your go-to alternative.
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