Recent developments on Solana’s blockchain network have led to increased developer activity, which is seen as a positive sign for the cryptocurrency. That caused Solana’s price to skyrocket in recent days. According to data from crypto aggregator Lunar Crush, the number of social mentions of the “Ethereum Killer” altcoin increased in January 2023, indicating growing popularity in the crypto community.
This renewed interest in Solana has also translated into an increase in the number of daily active wallets, which are now three times higher than before the collapse of the FTX exchange in November. The network has recovered from a drop in activity and price since the FTX incident, but appears to be back on track.
It also seems that the recent increase in the Solana price can be attributed not only to the increased activity among developers and users, but also to a new addition to the Solana ecosystem – the launch of the meme coin BONK. Inspired by the popular Dogecoin, BONK has seen a massive rally of over 3,600% in the week since its launch, reaching its peak price of $0.000004873759 on January 5th.
At the time of writing, the price of SOL is $16.23. Can the cryptocurrency maintain its momentum and shoot 2x towards $30?
Solana (SOL) Price Prediction and Technical Analysis
Exponential Moving Average (EMA)
Solana’s price is currently trading above its 20-day and 50-day EMA, suggesting that the short-to-medium term outlook for this crypto is bullish and a further breakout is possible. To further substantiate the bullish movement in price, it is important that the 100-day EMA is broken and a bullish alignment of EMAs is seen, with lower EMAs catching up with higher EMAs.
Relative Strength Index (RSI) and Solana’s price
With a massive 22.77% gain for SOL over the past two days, the RSI entered the ‘oversold’ levels of 71.94 yesterday. Currently, SOL’s RSI is slightly down at 69.45 along with today’s price decline.
Moving Average Convergence Divergence (MACD) and Solana’s price
A bullish crossover occurred on January 1st, and since then the split has risen consistently as measured by the histogram. In addition, the MACD crossed the zero line, suggesting that SOL could experience a period of continued bullish momentum in the coming days.
Solana price action, support and resistance
After consolidating above the $12.74 to $12.94 support area from January 3 to January 8, SOL price finally broke out of its range yesterday, breaking the 50-day EMA and previous resistance range of $14.58 to $15.11 exceeded .
With the crypto showing more bullish activity over the past two days, it is at “oversold” levels and is looking for relief to consolidate above the previous resistances that have now become support levels of $14.58 to $15.11. SOL’s price is down 2.67% for the day to $16.22 so far. If the price can successfully hold around these levels, the next immediate target for SOL is the $17.64 to $18.86 range in conjunction with the 100-day EMA.
Other cryptocurrencies to invest in when the price of Solana rises
The crypto market may well recover in 2023, and you can get an early head start on future profits by investing in promising altcoins at their current lower prices during presales. Be sure to check out MEMAG, D2T, FGHT, and CCHG, all of which will be available at shows this year.
Meta Masters Guild (MEMAG) – New Play-to-Earn project with impressive roadmap
Let’s start with the latest project from this list; Meta Masters Guild. This is a new crypto project that focuses on the Play-to-Earn sector. But it approaches Play-to-Earn differently than any other known project in this sector. For example, it will not come with one game, but the Meta Masters Guild should become a collection of Play-to-Earn games where you can earn the same token everywhere.
The presale of this new token has therefore been launched today, meaning you can now get in very cheaply. MEMAG has divided the presale into seven phases, and after each phase the price of the token will increase.
Now for the MEMAG Presale
Dash 2 Trade (D2T) will help with Solana’s price prediction and sentiment
The upcoming launch of Dash 2 Trade in February could change cryptocurrency trading for the better. With a wide range of features that give traders the ultimate overview of their funds and invaluable resources to help them make informed decisions for maximum returns, Dash 2 Trade differentiates itself from the competition with a comprehensive suite of tools.
Dash 2 Trade not only provides investors with the information they need to make informed decisions, but also allows experienced traders to refine their methods and use automated trading with exchange APIs. Its advanced token presale scoring system will enable traders to get ahead of the game by investing in some of the most promising tokens before they hit the exchange.
In addition to real-time sentiment monitoring and automated tools, Dash 2 Trade’s platform also offers powerful analytics. And one of the best things about this new platform is Learn 2 Trade’s already existing global user base; with more than 70,000 merchants already registered. To ensure that users get a first-class experience, the team will regularly solicit feedback from customers and use this insight to refine their offerings.
Dash 2 Trade’s pre-sale has now ended and was a resounding success, exceeding expectations and raising an impressive $15.3 million. The token is now available from the Gate.io exchange.
Check out Dash2Trade now
Fight Out (FGHT) in the battle for Best Crypto 2023
Fight Out is an evolving step to earn (M2E) app and chain of gyms that will motivate members to stay active with rewards and community. The company will build communities both online in a metaverse-like fitness world and in local communities. The Fight Out app allows users to quickly and easily create and customize training plans, track their progress and participate in community challenges.
Fight Out will use a real-time NFT-based avatar to help users track their progress as the digital avatar levels up as fitness goals are met. Users can then compete for rewards with their avatars.
In late 2023, the company will launch its first fitness chain, a cutting-edge Web3 space with multiple fitness stations, study spaces, a health bar and collaboration space. Smart technology such as ‘mirrors’ will show users their fitness profiles and provide feedback on their training.
In addition to the gyms, Fight Out will also provide users with customized training plans developed by experienced health experts, as well as performance analysis and progress monitoring tools to inspire members on their journey to achieve their fitness goals. It will also enable community members to share inspiring stories through content creation opportunities.
Fight Out’s approach to promoting an active and healthy lifestyle through a fun and engaging platform has already caught the attention of investors, with the company raising more than $2.8 million in its FGHT token presale to date. Presale investors can enjoy a bonus of up to 50% on the FGHT token at a rock-bottom price, and the project is backed by renowned organizations such as LBank Labs, Cryptonews.com, Transak and BlockMedia Labs, providing financial and operational assistance to increase the chances for success to increase the project.
Watch FightOut now
‘Supercharge’ your portfolio with C+Charge (CCHG)
C+Charge is an emerging electric vehicle (EV) charging peer-to-peer payment system and rewards app that uses blockchain technology to make the charging process more efficient, cost-effective and transparent. The platform aims to reduce the time and costs associated with traditional EV charging methods and reward users for their environmentally responsible behavior.
According to the white paper, the C+Charge platform will enable electricity owners to predict their charging costs accurately and clearly. In addition, landlords and businesses no longer have to worry about rising electricity prices for non-electric drivers, as the app allows them to monitor the energy consumption of each electric car in their location, ensuring that only those charging an electric car are charged for the electricity used. is affected. This technology is an important step in removing one of the biggest hurdles property owners face when installing EV chargers.
C+Charge is expected to become a critical app for EV owners, with reward systems, cost-saving opportunities and educational resources that provide a valuable use case in the rapidly evolving EV industry. With the increasing popularity of electric vehicles, C+Charge aims to make the charging experience seamless and hassle-free for EV owners, while encouraging wider adoption of the eco-friendly technology.
C+Charge’s CCHG token presale has so far raised over $238k and has doubled overnight as interest in the project grows. Now is a good time to grab some tokens in Phase 1 of the presale at $0.013 USDT per token. token. The token price will increase in the next 3 phases and end at $0.02350 per token. token.
See C+Charge now