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The Solana price has jumped 36% in the past month and 4.5% in the last 24 hours to trade at $192 as of 12:30 a.m. EST on a 31% plunge in trading volume to $2.8 billion.
The pump has analyst Mister Crypto on X predicting that the SOL price is headed for a new all-time high.
Solana looks ready to make new ATHs. pic.twitter.com/CjfoDmuh54
— Mister Crypto (@misterrcrypto) July 28, 2024
Solana Price Signals A Bull Run Ahead
Solana’s price initially dropped to a key support level of about $157 but then fell further to $135. This movement hit the lower edge of the consolidation zone and formed a triple bottom pattern, which traders often interpret as a sign of a potential bullish reversal.
The current support level has provided a springboard for the bulls to push the price up to $185. If the price breaks through this level, it could signal a rally that might lead to new all-time highs.
SOLUSDT Analysis (Source: Tradingview)
The price is currently trading above the 50-day and 200-day Simple Moving Averages (SMAs). If market sentiment continues,it might help the bulls drive the price above the $185 level, potentially sparking a strong rally.
The Relative Strength Index (RSI) rebounded from 34, below the 50 neutral levels, to 67, near the overbought zone, indicating intense buying pressure. If bullish momentum builds, the RSI could rise and enter the overbought territory above 70.
Moreover, the Moving Average Convergence Divergence (MACD) indicates a bearish trend. The blue average line recently crossed below the orange signal line above the neutral level, indicating bearish momentum. Additionally, the histogram bars reflect negative price movement, reinforcing the bearish outlook.
Solana Price Prediction: Is A New ATH Within Reach?
The technical indicators for Solana are bullish and provide a springboard for a possible bull rally. If Solana’s price climbs above the consolidation zone, it could trigger this rally, with bulls aiming to reach the previous high of $225. A further push above this level could see the price reach a new all-time high above $260.
However, there’s also a double-bottom pattern that could allow bears to push the price down, which would weaken the bullish outlook. If this happens, the price might return to the $163 support level.
Final Call: Buy WienerAI (WAI) Now, Presale Ending In 2 Days
Investors looking to invest in cryptos with equal bullishness as Solana could consider diversifying into a new dog-themed meme coin called WienerAI (WAI). Its presale has gone ballistic as it closes on $9 million in funds raised and and now there are only two days lefts to buy one of the most successful ICOs of the year.
With the excitement around its soon-to-launch AI trading chatbot a key driver of its success, a whale investor pumped 114.15 ETH, worth about $370,000 into the project on July 27.
$8 Million raised and launch is around the corner!! The hype is real! pic.twitter.com/XiiZ3UqIns
— WienerAI (@WienerDogAI) July 26, 2024
This new dog-themed meme coin merges AI technology with the meme coin craze. It adds playful dog elements and a fun sausage meat twist along with its powerful AI trading bot.
The project aims to enhance your trading experience with its AI-powered bot, known as the ChatGPT of crypto. Ask WienerAI for trading tips, and it will provide market analysis to help you spot the best opportunities and boost your chances of success.
Get ready for liftoff!
WienerAI is in the cockpit, ready to revolutionize trading. Join us as we shoot for the stars with smart, AI-powered trades! 🌭🛸 pic.twitter.com/ljIo1c7lVK
— WienerAI (@WienerDogAI) July 27, 2024
Though an AI-powered trading companion might sound complex, WienerAI is user-friendly for traders of all levels.
In addition to its AI trading features, WAI also offers a staking return for token holders of 143% annually.
Little wonder, then, that YouTuber ClayBro, with 130k subscribers, says WAI could turn $1k into $20k after launch.
WAI tokens cost $0.00073 before the presale ends in about 2 days.
Buy WAI here using ETH, BNB, USDT, or a bank card.
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