{"id":474751,"date":"2024-01-24T10:40:29","date_gmt":"2024-01-24T10:40:29","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=474751"},"modified":"2024-01-24T10:40:29","modified_gmt":"2024-01-24T10:40:29","slug":"solana-price-prediction-sol-drops-2-as-traders-turn-to-this-new-green-crypto-presale-for-10x-potential-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-sol-drops-2-as-traders-turn-to-this-new-green-crypto-presale-for-10x-potential-gains","title":{"rendered":"Solana Price Prediction: SOL Drops 2% As Traders Turn To This New Green Crypto Presale For 10X Potential Gains"},"content":{"rendered":"

The Solana price <\/span>dropped<\/span><\/a> more than 2% over the past 24 hours to trade at $83.88 as of 11:40 pm EST. <\/span><\/p>\n

The Solana Price Briefly Falls Below Support<\/span><\/h2>\n

\"TradingView<\/p>\n

4-hour chart for SOL\/USDT (Source: <\/span>TradingView<\/span><\/a>)<\/span><\/p>\n

The <\/span>Solana<\/span><\/a> price briefly dipped below the $82.35 support level over the past 24 hours, but managed to recover back above the significant price point. There is still some sell pressure present on SOL’s charts, however, as evident by the wicks present above today’s candles.<\/span><\/p>\n

If bulls are unable to fend off the sell pressure, the Solana price could drop below the $82.35 again within the next 24 hours. This could then put the altcoin at risk of plummeting towards the subsequent support at $70 in the following few days.<\/span><\/p>\n

On the other hand, this bearish thesis may be invalidated if the Solana price remains above the $82.35 mark for the next 24 hours. In this alternative scenario, SOL may attempt to flip the $90 barrier into support as well. A 4-hour candle close above this level could then give the Solana price the foundation needed to rise to $100. <\/span><\/p>\n

However, before the crypto can reach the $100 threshold, it will need to overcome the medium-term negative trend line that has emerged on its daily chart. A break above this trend line and the $100 level may trigger a wave of FOMO buying, which could then push <\/span>SOL<\/span><\/a> another 10% to the $110 level in the short term.<\/span><\/p>\n

Solana Price: Buyers Are Rising From The Ashes<\/span><\/h2>\n

Technical indicators on SOL’s 4-hour chart suggest that buyers are making a comeback. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bullish.<\/span><\/p>\n

The RSI line is positioned above its Simple Moving Average (SMA) line, which indicates that buyers are currently stronger than sellers on SOL’s 4-hour chart. In addition to this, the RSI line is positively sloped on the 4-hour chart. This could signal that buyers are still growing stronger.<\/span><\/p>\n

Traders and investors will also want to take note of the major bullish technical flag that is on the verge of being triggered on SOL’s 4-hour chart. Currently, the MACD line is attempting to cross the MACD Signal line. Should these two lines intersect, it will signal that the Solana price has entered into a short-term positive trend.<\/span><\/p>\n

While the Solana price looks to recover from its sudden drop, investors are turning their attention to <\/span>eTukTuk<\/span><\/a> as it looks to reduce global carbon emissions through the use of blockchain technology and AI.<\/span><\/p>\n

Poised To Profit From The Growing EV Sector<\/span><\/h1>\n

eTukTuk<\/span><\/a> introduces an innovative platform that is centered around electric vehicles (EVs). Through the clever combination of AI and blockchain technology, the project’s team is establishing a committed system that combats global carbon emissions by promoting more environmentally friendly transportation options. <\/span><\/p>\n

The <\/span>eTukTuk<\/span> EV is at the heart of this initiative, and offers more cost-effective and reliable alternatives to Tuk Tuks. <\/span><\/p>\n

\n

What makes our eTukTuks so special?<\/p>\n

⚙ Streamlined design with under 200 components
🫡 Patented roll cage design for enhanced safety
🤑 Up to 85% domestic sourcing means no import duties and increased driver earnings<\/p>\n

Experience the difference with eTukTuk!#ElectricVehicles<\/a> pic.twitter.com\/6P19GWFzDa<\/a><\/p>\n

— eTukTuk (@eTukTukio) May 12, 2023<\/a><\/p><\/blockquote>\n