Solana Drops 7%: Investors FOMO Into Casino Token

Solana Price Overview

The price of Solana (SOL) has decreased by over 7% in the past month, with a recent drop bringing the current trading price to $134.83 as of 11:28 p.m. EST. Despite this setback, SOL has experienced a remarkable increase of more than 650% over the past year.

Solana Price Attempting to Overcome Major Resistance

Solana is currently testing the resistance level at $139.37. If SOL can close a 4-hour candle above this resistance within the next 12 hours, it may gain the momentum needed to rise to approximately $152.78 in the short term.

Conversely, if SOL fails to break above $139.37 within the next 12 hours, the bullish outlook may be invalidated. In this case, selling pressure could increase, potentially driving the price down to test the $125.25 support level.

In a more bearish scenario, if SOL drops to $125.25 and sellers continue to dominate, the price could further decline to $109.74 within the next 48 hours.

Technical Indicators Suggest Potential Rejection

Technical analysis on SOL’s 4-hour chart reveals that the price has stalled and is losing bullish momentum. Key indicators include:

• Relative Strength Index (RSI): RSI readings are oscillating between the low to mid 50s. While a value above 50 suggests bullish strength, the negative slope of the RSI line indicates that bears might take control of the price.
• Moving Average Convergence Divergence (MACD): The MACD Histogram turned positive recently, signaling a short-term positive trend. However, the indicator’s value began to drop as the price approached the $139.37 resistance level, suggesting a potential rejection.

As traders await confirmation of whether SOL can turn the $139.37 resistance into support, investors are turning their attention to Mega Dice (DICE) before its presale ends.

Investing in Mega Dice (DICE)

Mega Dice (DICE) is gaining attention due to its backing by a successful online casino platform. The Mega Dice casino has over 50,000 players, 10,000 active monthly players, and more than $50 million in monthly wagers. The launch of the DICE token aims to onboard more users and offer exclusive access, rewards, and benefits to its holders.

• Exclusive Access: DICE will provide holders with unique rewards and benefits, including a share in the casino’s daily profits.
• Presale Bonuses: Early investors can receive limited edition NFTs and other bonuses, enhancing the value of their investment.

The Mega Dice presale is in its final stage and will conclude in 16 days. Currently priced at $0.116056, DICE tokens can be purchased using SOL, ETH, or BNB. Investors also have the option to stake their tokens to earn a 304% APY.

According to YouTuber TodayTrader, who shared with his 11.9K subscribers, DICE could deliver 100X returns following its DEX launch. There’s still time to invest and potentially benefit from significant returns as the presale winds down.