SOL koers in de lift, Fibonacci retracement wijst op bullish rally – wat gaat Solana doen?

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Over the past few weeks, Solana has demonstrated its strength by holding above several key support levels. However, a slight downtrend has been initiated in the last 24 hours. Yet, technical indicators suggest a potential upward momentum. Could the SOL price be preparing for further recovery?

Solana koers – Analyse van de Fibonacci retracement

Over the past weeks, the Solana price has remained significantly above its support level of $178.12 and has signaled a strong bullish trend. However, in the last 24 hours, the Solana price has dropped by 2.70% and is currently trading at $180.35. This brings it closer to the support level at $178.12 once again.

The level of this support is based on the Fibonacci Retracement, and as you can see, Solana last struggled with this value around December 23rd. At that time, it managed to leave this value comfortably behind, but with the current downward trend in the cryptocurrency market overall, even Solana feels the pressure.

Therefore, it’s crucial that the SOL course does not drop below its support level. Doing so might intensify selling pressure. However, if the support level proves strong, the Solana course might get a small boost. With this optimism, Solana could potentially break through the resistance of $194.64 and move towards $222.67.

From my perspective as a crypto investor, the Relative Strength Index (RSI) is currently quite low at 30.10. When this index drops below 30, it’s often referred to as a bearish sentiment. This suggests that selling pressure might be strong enough to push the price below the support level. If it doesn’t quickly recover, the price could potentially drop further according to Fibonacci Retracement, possibly reaching values similar to those before the elections.

Alternatieven voor Solana

Although the Solana course is currently moving quite close to its support level, this doesn’t automatically mean it will fall. Some investors might see this as an opportunity to buy the dip, while others may prefer exploring alternatives, such as new cryptocurrencies still in their pre-sale phase. These cryptocurrencies are not yet available on exchanges, thereby avoiding the current market struggles. They could potentially be officially launched when the market recovers, aligning with success and possibly surging along with it. At present, these cryptocurrencies can already be acquired during the pre-sale stage.

Wall Street Pepe ($WEPE)

The Wall Street Pepe ($PEPE) project is intriguing for all traders aiming to collaborate with the community to challenge the big crypto whales. Members of the Wall Street Pepe community, also known as the WEPE Army, gain access to exclusive trading insights. Community members also discuss and strategize together on the best trading strategies, with the goal of becoming wealthy together.

I see green. I feel green. I am green.

— Wall Street Pepe (@WEPEToken) January 12, 2025

To be part of the WEPE Army, you certainly need to acquire some $WEPE tokens. Currently, each token costs approximately $0.00036646, but this price is expected to rise soon. At present, during the presale, this project has already raised over $47 million. This doesn’t guarantee that $WEPE will perform well when it gets listed on exchanges, but it’s certainly impressive.

Nu naar Wall Street Pepe

Solaxy ($SOLX)

On the Solana network, there are many successful meme coins already in place, but Solaxy ($SOLX) stands out as the first to build its own Layer-2 on the Solana network. This means it’s not affected by issues on the main network and can offer fast transaction speeds and low transaction fees.

The project aims to lend a hand to Solana by assisting with its network. In this manner, Solaxy groups transactions on the L2 solution and then sends these bundles to Solana. Currently, the project has already raised over $10 million, and you can join the project for $0.001598 per token.

Nu naar Solaxy

Best Wallet Token ($BEST)

A new crypto wallet called Best Wallet was launched last year and recently introduced its own Best Wallet Token ($BEST). This user-friendly app is secured with Fireblocks MPC-CMP technology and features a decentralized exchange, Best DEX. Additionally, they are developing a debit card, BEST Card, which will enable users to make payments in the future with cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) in the real world.

B U L L M A R K E T 2 0 2 5

— Best Wallet (@BestWalletHQ) January 13, 2025

With ambitious plans for the future, you can purchase $BEST tokens during the presale right now at a price of $0.023575 per token. By getting Best Wallet Tokens, investors will enjoy lower transaction fees and early, secure access to new crypto projects such as Solaxy and Wall Street Pepe.

Nu naar Best Wallet Token

 

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2025-01-13 14:43