Is It Too Late to Buy SOL? Solana’s 13% Surge Sparks Next Crypto Boom

Solana Price Aims for Continued Rally

Solana’s price action forms an ascending channel, indicating a bullish trend. According to data from GeckoTerminal, the price has been making higher highs and higher lows, consistently respecting the upper and lower boundaries of the channel. This trend shows that bulls are capitalizing on the $136 support zone.

SOL is currently trading near the upper boundary of the channel, suggesting it could be approaching a potential resistance area.

Technical Indicators

• Solana’s price is above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bullish movement.
• The Relative Strength Index (RSI) is at 71.26, indicating overbought territory (above 70). This suggests a potential pullback or consolidation may occur soon.
• The MACD line is slightly above the signal line, indicating bullish momentum, though histogram bars are starting to shrink, hinting at a potential weakening of this momentum.

Solana Price Prediction

According to the SOL/USD chart analysis on the 4-hour chart, the bulls aim to maintain their bullish stance. If the rally continues, Solana’s price could reach the next resistance level at $190. However, with the RSI now soaring past the 70-overbought region, SOL may be overvalued, prompting bears to potentially push the price down. In this scenario, the price could drop, with the 200-day SMA acting as the next support level at $151.

Memebet Casino: The Next Crypto to Explode?

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Memebet Casino Highlights

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Rumors are circulating on social media that the Memebet Casino will roll out soon, giving presale participants the first chance to experience the benefits of being a $MEMEBET token holder.