Solana Price Prediction: SOL Slips 3% As Investors Send Over $2.3 Million To This Hot New Meme Coin Presale – Next Bonk?

CoinMarketCap05-22

The Solana price fell 3% in the past 24 hours to trade for $180.26 as of 03:53 a.m. EST on trading volume that dipped 20%. Because Solana is the main rival to the Ethereum blockchain, the slump in the...

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Because Solana is the main rival to the Ethereum blockchain, the slu","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","BK4129":"建筑与工程","SOL":"EMEREN GROUP","BK4150":"赌场与赌博","ISBC":"投资者银行","BK4519":"光伏太阳能","RSI":"Rush Street Interactive, Inc."},"translate_title":"索拉纳价格预测：SOL下跌3%，投资者向这一热门的新Meme硬币预售投入超过230万美元——下一个Bonk？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ISBC":1,"RSI":1,"SOL":1},"content_text":"The Solana price fell 3% in the past 24 hours to trade for $180.26 as of 03:53 a.m. EST on trading volume that dipped 20%.\nBecause Solana is the main rival to the Ethereum blockchain, the slump in the SOL price comes as ETH sucks in liquidity amid increased optimism that Ethereum ETFs (exchange-traded funds) will soon be approved for trading.\nThe same pattern is reflected in the prices of meme coins on the respective blockchains, with the Pepe (PEPE) and Floki Inu (FLOKI) prices posting double-digit gains as SOL-based meme coins including Dogwifhat (WIF) and Bonk (BONK) struggle to keep up with single-digit gains, CoinGecko data shows.\nNevertheless, renowned trader and analysts @CryptoTony_ anticipates a new all-time high for the Solana price.\n\n$SOL / $USD – Update\nNot long now for us now to go for ATHs pic.twitter.com/cQAc53n4YP\n— Crypto Tony (@CryptoTony__) May 22, 2024\n\nSolana Price Prediction\nThe Solana price is trading with a bullish bias, recording higher highs as it consolidates within an ascending parallel channel. With broader market optimism, the Layer-1 token broke out above the confines of the technical formation.\nTraders often interpret an ascending parallel channel as a sign of continued upward momentum in the price of the asset. The lower trendline acts as a level of support, while the upper trendline acts as a level of resistance.\nPrices tend to fluctuate between these two trendlines, with traders looking to buy near the lower trendline and sell near the upper trendline.\nWith the Relative Strength Index (RSI) recording higher lows, bullish momentum continues to abound and the Solana price could extend the gains. In a northbound directional bias, a stable candlestick close above the 23.6% Fibonacci retracement level would confirm the continuation of the uptrend.\nThis could see the Solana price to reclaim the $208.60 peak. Late bulls looking to take new long positions for SOL after missing the previous rally should probably wait for a stable close above $187.44.\nNotably, the Moving Average Convergence Divergence (MACD) remains above the orange band of its signal line, suggesting the bulls are leading the SOL market. The volume profile also shows a green spike budding, pointing to growing bullish sentiment in the SOL market.\n\n\n\n\n\n\n\n\n\nGeckoTerminal: SOL/USDT 1-day chart\nConverse Case\nOn the other hand, early profit booking could see the Solana price pull back. A slip below the 38.2% Fibonacci retracement level of $174.35 would attract more sell orders. The ensuing selling pressure is likely to shove the Solana price below the 50% Fibonacci placeholder, below which the bullish thesis would be invalidated.\nEven as the Solana price coils up its next move, investors are already looking at SEAL, a new SOL meme coin presale that’s already raised more than $2.3 million. According to Crypto Gains, with 131k subscribers, the token has ”huge potential.”\n\n\n\nPromising Alternative To Solana\nSEAL is the ticker for the Sealana project, a patriotic obese American redneck seal trading his way out of his mom’s basement.\nWith the Solana price up 25% in the past week, according to CoinGecko data, Sealana is thriving along with its basal chain, SOL. It represents a high-risk, high-reward wager on the perpetuation of recent meme coin mania and the sustainability of investor demand.\n\nEven an honourable discharge won’t stop #Sealana from spreading FREEDOM with his fellow special forces $SEALs.🪖🦭 Putting his battlefield days behind him, Sealana and his comrades are now taking on a different enemy: keyboard warriors and #Memecoin haters.😡⌨️He didn’t serve… pic.twitter.com/VV4oWeSjTi\n— Sealana (@Sealana_Token) May 15, 2024\n\nSealana is a novel addition to the culture-driven niche of meme coins. Its hallmark is a quirky and relatable digital mascot. The character is inspired by quintessential basement-dweller archetypes, portrayed as having forgone physical fitness to pursue his trading endeavors and generate gains from the volatile crypto market.\n\n#Sealana's throwing a raging frat party for the OG $SEAL Alphas as the #Presale cruises towards the $1m mark. 🦭🚀\nThe bros are there, the beers are cold, and the babes are en route.🇺🇸🍻\nMissed the invite?📩 Looks like you haven’t bagged enough $SEAL to make the cut.💰 Join the… pic.twitter.com/riLSZCqfkB\n— Sealana (@Sealana_Token) May 13, 2024\n\nThe project’s integration with the Solana blockchain is a key advantage, leveraging Solana’s robust performance, low fees and rapidly expanding ecosystem.\nAs an SPL (Solana Program Library) token, SEAL benefits from Solana’s scalability and thriving developer community.\n\n👋Hey, y'all! 🇺🇸\nWe heard some of you are having some troubles buying $SEAL ❌ So, to make it easier for some of you lizard skin liberals, we’re making $SEAL #MultiChain allowing ya’ll to buy on #Ethereum! So grab a cold one, sit down and we’ll tell ya’ll how to fill your truck… pic.twitter.com/3dsuUScSbw\n— Sealana (@Sealana_Token) May 9, 2024\n\nClayBro Says Sealana Has 10X Potential\nCrypto analyst and YouTuber ClayBro says Sealana has the potential to rally 10X after launch.\n\n\n\nInvestors interested in joining the Sealana community can buy SEAL for $0.022. It’s best not to wait too long before buying because this type of ”send SOL” ICO has no timer, stages, or hard cap, and that means it can close at any time.\nVisit and buy Sealana here.\nAlso Read:\n\nHow to Buy Sealana – SEAL Presale Review\nSealana Price Prediction – SEAL Price Potential in 2024\n5 Must-Watch Meme Coins for 10X Potential – Best Cryptocurrencies to Buy Now\nBest Meme Coins to Invest in: Top Picks for Exponential Gains!\n\nSource: https://thebittimes.com/solana-price-prediction-sol-slips-3-as-investors-send-over-2-3-million-to-this-hot-new-meme-coin-presale-next-bonk-tbt89249.html","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2437217263"}