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The Solana price has surged 5.5% in the last 24 hours to trade at $114.11 as of 5:19 a.m. EST on trading volume that rose 89% to $2.9 billion.
The surge in the Solana (SOL) prices comes as Solana’s second phone hits 100,000 pre-orders in just over a month. The first Solana Saga phone took almost a year to sell 20,000 units.
The phone will have custom features that will integrate buying, selling, holding, and using crypto, particularly for users of the Solana blockchain. Solana plans to deliver the phones in early 2025.
The Solana Price Ascending Triangle Signals Bull Rally
The price of Solana has been experiencing a gradual increase, showcasing an uptrend marked by the formation of a markup phase, before stabilizing around $100.
The bulls have found a support level at $82 on the lower boundary of the ascending triangle, pushing the price past the triangle’s upper boundary. A breakout signals a continuation of the bullish trend for the Solana price.
SOL is trading above both the 50-day and 200-day Simple Moving Averages (SMA), which is a confirmation of the bull run for the Solana price. Moreover, the formation of a moving average (MA) cross at $21.44 further supports the upcoming surge.
The Relative Strength Index (RSI) is also bullish, as it trades upward near the 70-oversold region at 68. If the momentum sustains, the RSI could easily enter the overbought region of 70, confirming the bull rally.
Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is moving above the signal line (orange), which further supports a continued rally on the upside. The green bars also confirm this, as they extend on the upside.
The Average Directional Index (ADX) is trading below the 20 level at 13, which shows that the current trend is weak but on a neutral basis. The neutral movement indicates that the price could be making a trend change, as it seems to start moving north.
Solana Price Prediction
The Solana price bulls have leveraged the ascending triangle pattern to push the price up, anticipating a bull rally as they target $140.
However, bears may still intervene to apply some downward pressure, which could force the bulls to retreat to critical support at $80.
Even as SOL rises, some investors looking for turbocharged potential gains and willing to take more risk are turning to eTukTuk, a new cryptocurrency ICO. It’s surging in its presale and is rapidly approaching $1 million in funds raised as investors are drawn to its lucrative returns and rewards.
Green Crypto Project Project eTukTuk Nears $1 Million Mark In New Crypto ICO
The eTukTuk (TUK) presale has already garnered $977,982 in early investment as it closes in on its $1 million target. You can purchase eTukTuk tokens, available at a discounted price of $0.0265 per token, before a price hike in less than nine days.
The eTukTuk project is set to transform the transportation industry in developing nations by bringing in electric Tuk Tuks (small three-wheeled vehicles) and setting up a network of environmental charging stations.
1/ Ready for a game-changer?
Let's talk about how shifting to renewable energy isn't just crucial for our planet, but it might just pay for itself within six years. 🔄🧵 pic.twitter.com/TZXK8dse5M
— eTukTuk (@eTukTukio) October 6, 2023
eTukTuk operates on the Binance Smart Chain (BSC) and employs a decentralized sharing economy model for scalability, security, and efficiency.
Switching from the old, noisy, and polluting ICE tuktuks to the sleek, quiet, and eco-friendly eTukTuk – because progress is not just about moving, it's about moving forward responsibly 🌿🚗#ElectricVehicles #Memes pic.twitter.com/BWkoU3T09D
— eTukTuk (@eTukTukio) January 7, 2024
Buy And Stake $TUK For 226% Annual Rewards
The eTukTuk platform offers you a chance to earn passively by staking your $TUK tokens for an annual percentage yield (APY) of 226%.
Introducing Buy and Stake mechanism, get $TUK tokens and instantly stake them, initiating a dynamic APY.
Early stakers enjoy higher returns as APY adjusts with participation, encouraging early adoption and a fair, enticing incentive structure for all. 💫 pic.twitter.com/pMrXEZzB3f
— eTukTuk (@eTukTukio) October 10, 2023
You can also earn rewards via a play-to-earn game that will launch soon. The game, Crazy Taxi, will earn you token rewards by ferrying passengers to different locations in the busy streets of Sri Lanka.
According to Jacob Bury, a YouTube crypto analyst, eTukTuk has the potential to 10X on launch.
You can buy $TUK tokens today by visiting the official eTukTuk website. Swap BNB or USDT for $TUK tokens or buy directly using your bank card.
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