{"id":475210,"date":"2024-01-25T17:15:15","date_gmt":"2024-01-25T17:15:15","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=475210"},"modified":"2024-01-25T17:15:15","modified_gmt":"2024-01-25T17:15:15","slug":"solana-price-prediction-top-analyst-sees-sol-plunging-to-low-70s-as-experts-say-the-future-is-with-cryptos-like-this-green-ico-focused-on-electric-vehicles","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-top-analyst-sees-sol-plunging-to-low-70s-as-experts-say-the-future-is-with-cryptos-like-this-green-ico-focused-on-electric-vehicles","title":{"rendered":"Solana Price Prediction: Top Analyst Sees SOL Plunging To Low $70s As Experts Say The Future Is With Cryptos Like This Green ICO Focused On Electric Vehicles"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Solana price has climbed 1.5% in the last 24 hours <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/solana\"><span style=\"font-weight: 400;\">to trade at $87.79<\/span><\/a><span style=\"font-weight: 400;\"> as of 4:29 a.m. EST on trading volume that plunged 32% to $2 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the surge, Crypto analysts Bluntz is among several experts on X who see the SOL price plunging to as low as $70.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SOL<\/a> also looking like all these weeks of sideways was probably some kind of B wave triangle.<\/p>\n<p>ill be interested again in the low $70s <a href=\"https:\/\/t.co\/0n3rI6rUaO\">pic.twitter.com\/0n3rI6rUaO<\/a><\/p>\n<p>&mdash; Bluntz (@Bluntz_Capital) <a href=\"https:\/\/twitter.com\/Bluntz_Capital\/status\/1749296757375369628?ref_src=twsrc%5Etfw\">January 22, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The analyst also says that SOL has recently followed a distinct trajectory called the &ldquo;B wave triangle&rdquo;<\/span><span style=\"font-weight: 400;\"> occurring within the correction phase, typically characterized by a cryptocurrency&rsquo;s value forming a sequence of lower highs and higher lows.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This pattern indicates a period of consolidation before a significant movement in either direction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bluntz foresees a potential decrease in SOL as an opportunity to &ldquo;buy the dip,&rdquo; expressing that aggressive buying, or &ldquo;max bidding,&rdquo; will likely commence if the price retraces to the &ldquo;low 70s.&rdquo;<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The Solana Price Bulls Poised To Break Above The Bullish Pennant<\/span><\/h2>\n<figure id=\"attachment_475212\" aria-describedby=\"caption-attachment-475212\" style=\"width: 1736px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-475212\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/image-9-1.png\" alt=\"Solana Price Chart Analysis. Source: Tradingview.com\" width=\"1736\" height=\"747\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/image-9-1.png 1736w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/image-9-1-300x129.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/image-9-1-1024x441.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/image-9-1-768x330.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/image-9-1-1536x661.png 1536w\" sizes=\"(max-width: 1736px) 100vw, 1736px\"><figcaption id=\"caption-attachment-475212\" class=\"wp-caption-text\">SOLUSD Chart Analysis. Source: Tradingview.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">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 price north, reaching the resistance level at $126.10.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the bullish momentum was cut short, allowing the bears to exert downward pressure in a subsequent retracement, forming a bullish pennant, which signifies a continuation of the bullish trend for the Solana price.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This downturn allows bulls to regroup and gear up for another upward push at the $83 support level coinciding with the 50-day simple moving average (SMA).<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Solana Price Prediction<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Solana&rsquo;s price remains above the 50-day and 200-day Simple Moving Averages (SMA), with the SMAs indicating a cross at $22 and the 50 SMA acting as immediate support for the SOL price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) indicates a rebound from 38 to 47 near the 50 midline level, signalling a potential rise in the RSI&nbsp; to overbought region 70.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The<\/span><span style=\"font-weight: 400;\"> presence of a bullish pennant has allowed the bulls to regroup for<\/span><span style=\"font-weight: 400;\"> a bull rally to recuperate their losses and propel prices towards projected highs in 2024, targeting around $150.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if the bears sustain their drive, the price could approach the $68 threshold.<\/span><\/p>\n<p>In the midst of the ongoing Solana price decline, the eTukTuk presale is making a significant impact within the crypto space. Experts are increasingly advocating for new ICOs, such as eTukTuk, viewing them as the future of a sustainable world and recognizing their huge potential for scalability.<\/p>\n<h2>New Binance Smart Chain Coin Raises $552K In Presale &ndash; Best Altcoin To Buy Now?<\/h2>\n<p>The <a href=\"https:\/\/insidebitcoins.com\/visit\/etuktuk\" rel=\"nofollow\"><span style=\"font-weight: 400;\">eTuktuk<\/span><\/a><span style=\"font-weight: 400;\"> presale has already <\/span><span style=\"font-weight: 400;\">raised $552,073 <\/span><span style=\"font-weight: 400;\">out of the $680K soft cap target, with only about five days remaining before the price increases.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, you can purchase $TUK tokens at an early-bird rate of just $0.026. This offer is available right now, ahead of the official launch on major exchanges at a price of $0.04.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">eTuktuk represents the eco-friendly future of transportation, incorporates AI technology, and offers an opportunity for immediate investment and earnings. It utilizes blockchain technology to secure payments and transaction settlements.&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ eTukTuk Times is back! &#128240;&#127757; <\/p>\n<p>Our weekly round-up of two things we love: <a href=\"https:\/\/twitter.com\/hashtag\/EVs?src=hash&amp;ref_src=twsrc%5Etfw\">#EVs<\/a> and a <a href=\"https:\/\/twitter.com\/hashtag\/sustainable?src=hash&amp;ref_src=twsrc%5Etfw\">#sustainable<\/a> future &#128640;<\/p>\n<p>Explore breakthrough technologies, global initiatives, and the latest developments shaping the future of sustainable transportation and combating climate change.<\/p>\n<p>&mdash; eTukTuk (@eTukTukio) <a href=\"https:\/\/twitter.com\/eTukTukio\/status\/1747688195381485815?ref_src=twsrc%5Etfw\">January 17, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">$TUK has a total token supply of 2 billion, with the hard cap set at $5.69 million. 21.5% was allocated through the staking mechanism. The decreased circulating supply of the staked tokens can contribute to an upward price movement fueled by increased demand.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Buy And Stake $TUK, Play P2E Game, Earn Passive Income<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Buy and instantly stake<\/span><span style=\"font-weight: 400;\"> your acquired $TUK tokens and get a guaranteed annual pay yield ( APY) of 383%. Early stakers benefit from higher returns as APY adjusts with participation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Over 13 million TUK tokens are already staked, with the current reward rate at 4.75 per BSC block. Rewards will be distributed over three years based on your portion of the staking pool and APY returns.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can now earn passive income, upgrade your eTuktuk, unlock new cities, and discover additional features by driving faster<\/span><span style=\"font-weight: 400;\"> in the play-to-earn game <\/span><span style=\"font-weight: 400;\">centred around the iconic eTuktuk vehicle.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this thrilling game, you&rsquo;ll take the wheel of the Crazy Taxi, driving through the streets of Sri Lanka. Your mission? To swiftly pick up and deliver passengers in dire need of transportation.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The faster you complete your trips, the more $TUK tokens you collect.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The project has caught the attention of Cilinix Crypto, a crypto analyst boasting a substantial following of over 45,000 YouTube subscribers. He recently showcased eTuktuk in one of his videos, providing valuable insights into how to purchase and leverage its staking and play-to-earn (P2E) features for maximum benefits.<\/span><\/p>\n<p><iframe title=\"GREAT LONGTERM NEW CRYPTO?&#128293; (eTukTuk Presale Review)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/KByL-WTFJL8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">To buy $TUK tokens and join the presale, visit the <\/span><span style=\"font-weight: 400;\">official <a href=\"https:\/\/insidebitcoins.com\/visit\/etuktuk\" rel=\"nofollow\">eTuktuk website<\/a><\/span><span style=\"font-weight: 400;\">, connect your digital wallet, and swap your BNB or USDT for $TUK tokens. You can also buy directly using your bank card.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Related News<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.linkedin.com\/pulse\/5-top-crypto-presales-2024-unveiling-most-anticipated-calsona-gxcce\/\"><span style=\"font-weight: 400;\">5 Top Crypto Presales 2024: Unveiling the Most Anticipated Opportunities! &#128640;&#128176;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.linkedin.com\/pulse\/shiba-inu-price-prediction-2024-moon-crash-landing-calsona-caibe\/\"><span style=\"font-weight: 400;\">&#128021;&#128200; SHIBA INU PRICE PREDICTION 2024: &#128640; TO THE MOON OR &#128201; CRASH LANDING?<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">PlayDoge (PLAY) - Newest ICO On BNB Chain<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/05\/playdoge.svg\" alt=\"PlayDoge\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>2D Virtual Doge Pet<\/li>\n                                                                                                    <li>Play To Earn Meme Coin Fusion<\/li>\n                                                                                                    <li>Staking &amp; 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