The Solana Price Update
The Solana price plummeted over 9% in the past 24 hours to trade at $123.48 as of 12:00 a.m. EST amid the ongoing crypto market turbulence. This drop reflects a larger decline of 16% over the past 7 days and a 28% decrease over the month.
Solana Price Testing Critical Support
The Solana price recently breached the key support level at $129 and is now testing the next critical mark at $123.65. If SOL closes below $123.65 within the next 8 hours, it may potentially drop further to $118.20 in the short term. Alternatively, staying above $123.65 could pave the way for a recovery towards $129 and possibly up to $135.85.
Technicals Suggest Continued Downward Pressure
Technical indicators on SOL’s 4-hour chart indicate a bearish trend. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) both show negative signals, with the MACD line below the signal line, signaling potential further declines.
- The MACD line recently crossed below the signal line, indicating increasing bearish momentum.
- RSI readings are in the mid-20s, suggesting oversold conditions which may prolong the bearish sentiment.
If SOL fails to hold above $123.65, it could see a drop towards $118.20 as selling pressure persists.
Focus Shifts to WienerAI (WAI)
Amidst the bearish market sentiment, attention is turning to WienerAI (WAI), an AI meme coin that has surpassed $7 million in funds raised. This project integrates sophisticated AI technology designed to assist traders in navigating volatile markets effectively.
WienerAI: Tools for Traders
WienerAI offers predictive AI models to uncover insights in the crypto market, enhancing decision-making capabilities for traders. Features include seamless token swaps and MEV protection to ensure secure and efficient trading.
Investor Appeal: WAI’s Staking Opportunity
Investor interest in WienerAI is bolstered by a compelling 161% Annual Percentage Yield (APY) offered during its ICO phase. This staking opportunity, accessible via various payment methods, attracts investors seeking high returns.
WienerAI tokens are currently priced at $0.000725 and can be purchased using ETH, USDT, BNB, or bank card, with a price increase anticipated soon.
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