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Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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The Solana price is currently $143.48, with a 24-hour trading volume of $928.94 million. Although it has dipped by over 0.50% in the past 24 hours, it remains the 5th largest cryptocurrency, boasting a market cap of $67.23 billion.
With a circulating supply of around 470 million SOL coins, Solana’s recent rebound from its key support level of $133 suggests a potential bullish move ahead.
Solana Price Analysis: Key Support and Resistance Levels
Solana’s recent recovery stems from a strong support zone at $133, which aligns with an ascending trendline observed on the 4-hour chart.
This upward momentum has pushed SOL to test the immediate resistance at $144, aligning with the 38.2% Fibonacci retracement level.
If SOL can break above this crucial resistance, it could pave the way for gains toward the next resistance at $147.45 and, ultimately, the 61.8% Fibonacci level around $150.86.
In the event of a downside move, immediate support can be found at $139.89, followed by $136.62 and $133.04. A break below $133 would likely invalidate the recent bullish trend, leading to further declines.
However, the Relative Strength Index (RSI) is currently just below the 50 mark, suggesting that a break above this level could signal renewed bullish momentum.
Will Solana Reach $200 in October?
For Solana to target the $200 mark, it must first sustain a breakout above the 50-day Exponential Moving Average (EMA) at $144.06.
Doing so could attract additional buying interest, propelling SOL toward the upper resistance levels.
However, a combination of technical strength and broader market sentiment will be crucial in determining whether Solana can achieve this milestone.
With market sentiment currently neutral and SOL’s RSI hovering around 49, a decisive move above 50 could serve as a signal for bullish continuation.
Key Insights:
- Immediate Resistance: $144
- Next Resistance Levels: $147.45, $150.86
- Immediate Support: $139.89
Technical Indicators:
- RSI: 49, indicating neutral momentum.
- 50 EMA: $144.06, aligning with immediate resistance.
Conclusion:
Solana needs to break through the 38.2% Fibonacci level of $144 and see the RSI move above 50 to confirm a continued uptrend.
If successful, this could drive SOL to target the $147.45 and $150.86 levels in the short term, potentially setting the stage for a broader rally toward $200 in October.
Flockerz: The New Meme Coin Contender
Meme coins are evolving, and Flockerz ($FLOCK) is leading the way with innovative staking features and community involvement.
Unlike traditional meme coins like Neiro, Flockerz introduces the unique “vote-to-earn” model, empowering holders to actively participate in decision-making through Flocktopia, a decentralized autonomous organization (DAO).
With over $460,000 already raised in its ongoing presale, Flockerz aims to redefine the meme coin space. The project rewards community engagement, offering a staking yield of 5,011% over a two-year period—one of the highest in the market.
This incentivizes active participation and aligns the community’s interests, creating a stronger foundation for growth.
Moreover, Flockerz has undergone a thorough audit by Coinsult, ensuring transparency and investor security. Following the presale, Flockerz plans to list on both centralized and decentralized exchanges (CEXs and DEXs).
🔔 Presale Update
Time Remaining: Less than a day
USDT Raised: $461,473 / $676,594
Current Price: 1 $FLOCK = $0.0057012
Join now. Follow Flockerz on X and Telegram.
Visit the Flockerz Presale Website For More Information
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
