{"id":645817,"date":"2025-04-22T03:49:58","date_gmt":"2025-04-22T03:49:58","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=645817"},"modified":"2025-04-22T03:49:58","modified_gmt":"2025-04-22T03:49:58","slug":"solana-price-prediction-as-sol-slips-1-this-new-layer-2-token-presale-smashes-past-31-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/solana-price-prediction-as-sol-slips-1-this-new-layer-2-token-presale-smashes-past-31-million","title":{"rendered":"Solana Price Prediction: As SOL Slips 1%, This New Layer-2 Token Presale Smashes Past $31 Million"},"content":{"rendered":"

The Solana price slipped over 1% in the last 24 hours to trade at $138.93 as of 9:38 p.m. EST as some investors decrease their exposure to the altcoin.<\/span><\/p>\n

Despite the recent correction, the SOL price is still up 8% on the longer-term weekly time frame.<\/span><\/p>\n

Solana Price Enters Consolidation<\/span><\/h2>\n

\"SOL<\/p>\n

4-hour chart for SOL\/USD (Source: GeckoTerminal)<\/span><\/p>\n

The <\/span>Solana<\/span><\/a> price has been in a consolidation pattern between $133.29 and $147.41 in the last couple of days, data from <\/span>GeckoTerminal<\/span><\/a> shows. This period of sideways trading could be the build up to a major move in the next few days.<\/span><\/p>\n

Should the Solana price start to climb, it might try to flip the $147.41 barrier into support. Thereafter, continued pressure from buyers could result in a continued ascent for the altcoin.<\/span><\/p>\n

However, a drop below the $133.29 mark, which is currently the closest support, might invalidate the bullish thesis. In this alternative scenario, the Solana price might be at risk of plunging to the next key support at $118.63. In an extremely bearish scenario, SOL could even drop to as low as $107.34.<\/span><\/p>\n

Bulls Might Push The Solana Price Up In The Next Few Hours<\/span><\/h2>\n

From a technical standpoint, indicators on SOL’s 4-hour chart suggest the <\/span>Solana<\/span><\/a> price might rise in the next few hours, with both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) showing early bullish signs.<\/span><\/p>\n

In the last couple of hours, the MACD line has started to rise towards the MACD Signal line. Should the gap between the two technical indicators continue to shrink, it might result in a bullish crossover. This technical event could then signal that the Solana price has entered a positive short-term trend, which traders might react positively to.<\/span><\/p>\n

There has also been an increase in buying power over the past few hours, as suggested by the rise in RSI values. With the current reading above the neutral 50 mark, buyers appear to be stronger than sellers on the 4-hour time frame. What’s more, the positive slope of the RSI line suggests bulls are still accumulating strength against their bearish counterparts.<\/span><\/p>\n

As technical indicators for the Solana price show bullish signs, investors are piling into the presale for new layer-2 SOL token <\/span>Solaxy (SOLX)<\/span><\/a>. <\/span><\/p>\n

Influential YouTube channel 99Bitcoins, which has over 725K subscribers, says SOLX has the potential to soar 100X after launch.<\/span><\/p>\n