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Solana Price Prediction as $6.5 Billion Trading Volume Sends SOL Above $140 – Are Whales Buying?

With a significant 24-hour trading volume of $2.97 billion and a price surge to $151.34, Solana showcases robust market performance.

This 5% increase over the last day has propelled Solana‘s market capitalization to approximately $67.62 billion, cementing its position as the fifth largest by market cap.

As market watchers closely monitor these developments, Solana price predictions become increasingly optimistic, let’s take a look at Solana’s technical outlook.

Solana Price Prediction

Solana’s pivot point set at $147.20 with an immediate resistance at $164.56, with further hurdles at $185.94 and $204.26.

Should the momentum continue, crossing these barriers could indicate a stronger bullish trend for Solana.

Conversely, support levels are identified at $126.23, followed by $110.96 and $92.64. These levels could provide significant bounce-back points if downward pressures emerge.

The Relative Strength Index (RSI) currently sits at 39, suggesting that Solana is nearing oversold conditions, which may prompt buying interest if it dips further.

Solana Price Prediction

Additionally, the 50-Day Exponential Moving Average (EMA) at $156.28 presents a potential resistance level.

The EMA’s proximity to the current price implies that Solana is testing significant technical thresholds.

In conclusion, while the current outlook for Solana is bullish above the $147.20 pivot, a drop below this mark could trigger a sharper sell-off.

Investors and traders will be watching these levels closely, as a breakout could lead to further gains, while failure to hold could see Solana retreating to lower support zones.

The key will be whether Solana can sustain its upward momentum amidst the broader market conditions and overcome the resistance posed by the 50-day EMA.

Slothana Presale Closing Soon: Over $10 Million Raised, Secure Your $SLOTH Now

Discover Slothana ($SLOTH), the latest sensation in the meme coin realm, built on the Solana blockchain for rapid, cost-effective transactions.

As the presale draws to a close, this innovative token merges the charm of sloths with the efficiency of blockchain technology, offering a unique investment opportunity.

Slothana has already captivated a wide investor base, achieving over $10 million in funding during its presale. This enthusiasm mirrors the success of other meme coins, which have previously seen gains surpassing 10,000%.

Slothana’s robust initial funding and strategic development by the seasoned Smog team promise a dynamic entry into the competitive meme coin market.

Why Invest in Slothana?

Early Investment Advantage: Participating in the presale could yield significant returns.
Meme Coin Potential: Leverage the viral nature of meme coins with Slothana’s engaging concept.
Solana-Powered: Benefits from Solana’s high-speed, low-cost blockchain infrastructure.

Presale Fast Facts:

Exchange Rate: 1 SOL = 10,000 $SLOTH
Funds Raised: Currently over $10,000,000

The clock is ticking with only 8 days and 10 hours remaining until the presale ends. Don’t miss out on the chance to be part of Slothana’s launch — invest now to secure your stake in what could be the next big meme coin sensation.

Get Slothana Here

The post Solana Price Prediction as $6.5 Billion Trading Volume Sends SOL Above $140 – Are Whales Buying? appeared first on Cryptonews.

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