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The Solana price has plunged 6.5% in the last 24 hours to trade at $98.15 as of 5:29 a.m. EST on trading volume that dropped 15% to $2.6 billion.
This decline comes as popular crypto analyst Michaël van de Poppe predicts SOL soaring to $140.
Poppe said on X that Solana’s consolidation period appears to have ended after SOL bounced from its recent low of around $79.
#Solana is ready for upward continuation here.
After the initial push upwards, there's always a period of consolidation, and it seems it's ended.
A higher timeframe support test at $80 provided support.
Looks likely we'll be continuing towards $140. pic.twitter.com/5DRQaRhbZh
— Michaël van de Poppe (@CryptoMichNL) January 28, 2024
The Solana Price: Bulls Break Above The Bullish Pennant
The Solana price has been rising gradually on an upward trend after a prolonged period of consolidation that gave the bulls a platform to send the prices high, surging above the bullish pennant, which signifies a bullish trend continuation for the Solana price.
The bulls have found an anchor support level at $85.78 within the pennant, pushing the price above the 50 and 200 simple moving averages (SMA), with the 200 SMA acting as immediate support for the SOL price.
The Relative Strength Index (RSI) indicates a downtrend from 76 to the 50 midline level. If the price rebounds at this level, it would signal a buy trend pushing the RSI to overbought region 70.
The Solana Price Prediction
The bulls have taken advantage of the bullish pennant to regroup for a bull rally to recuperate their losses and propel prices towards projected highs in 2024, targeting around the $125 mark.
However, if the bears sustain their correction, the price could fall to the $94 threshold.
While Solana traders await a suitable entry point, investors are eyeing the potential for a 10X return by participating in the eTukTuk presale, which has surged past $718,000.
eTukTuk Presale Approaches $844,000 Goal, Buy Fast Before Price Surge
The eTukTuk presale is closing in on its $844,000 milestone target with strong investor sentiment with $TUK token selling for $0.02625. The price is set to increase in 13 days.
Explore the full potential of our project and discover how to join our token sale in this insightful article by @cryptonews https://t.co/rJ48D2J48p
— eTukTuk (@eTukTukio) January 29, 2024
eTuktuk operates on the Binance Smart Chain, using a decentralized sharing economy model for scalability, security, and efficiency.
eTuktuk Poised To Transform Transportation Industry
To transform the transportation industry in developing countries, the eTukTuk project plans to bring three-wheel electric Tuk Tuks and set up environmental charging stations.
The goal is to reduce pollution, make people healthier, and include more people in the economy, standing out as a leader in electric vehicle charging because it provides a cleaner and healthier option compared to Tuk Tuks with traditional engines
9/
Toyota prepares for the global rollout of its solid-state battery electric vehicles within a few years. This advancement signals a major leap in battery technology, with implications for enhanced range and efficiency 🔋🌐https://t.co/5vdxLZ7BDm
— eTukTuk (@eTukTukio) January 17, 2024
Earn Rewards While Staking TUK Tokens and P2E
On the eTukTuk platform, you can stake your $TUK tokens for an annual yield of 307%.
Additionally, you can earn rewards with the play-to-earn game, Crazy Taxi, which is launching soon. The game involves driving a taxi, where you can earn $TUK tokens by completing missions and ferrying passengers to various locations.
YouTuber and crypto analyst Jacob Bury features the eTukTuk project in one of his videos. Bury says that projects like these are the future of crypto and predicts a potential 10X explosion for $TUK.
You can join the presale to buy $TUK tokens today by visiting the official eTukTuk website to connect your wallet and swap BNB or USDT for $TUK tokens. You can also buy directly using your bank card.
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