Solana Price Prediction: SOL Tumbles 7% In A Week As Expert Says This Base Meme Coin Can ”Create Millionaires”

The
Solana
price
has
plunged
7%
in
the
past
week
and
2%
in
the
last
24
hours


to
trade
at
$165

as
of
12:30
a.m.
EST
on
a
24%
surge
in
trading
volume
to
$5.1
billion.

Solana
Price
Analysis:
Bears
Continue
The
Downtrend

The
Solana
price
bears
have
continued
the
downtrend
after
hitting
the
resistance
zone
at
$190,
leading
to
a
price
decline
that
has
wiped
out
20%
of
the
bulls’
profit.
The
bears
are
also
capitalizing
on
the
double-top
pattern
formed
at
the
resistance
level,
which
traders
often
see
as
a
signal
for
a
potential
bearish
reversal.

The
price
has
fallen
to
a
key
support
level
of
around
$162.
If
the
bearish
momentum
continues,
it
could
drop
to
the
$127
level,
which
aligns
with
the
pattern’s
neckline.

SOLUSDT
Analysis
(Source:
Tradingview)

Though
in
a
downtrend,
the
price
currently
trades
above
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs).
If
market
sentiment
continues,it
might
help
the
bears
drive
the
price
down
below
the
$168
level,
potentially
sparking
a
solid
bearish
rally.
However,
if
the
50
SMA
remains
resilient,
there
might
be
a
ray
of
hope
for
the
bulls.

The
Relative
Strength
Index
(RSI)
also
indicates
a
drop
from
the
overbought
zone
to
the
50
midline
level.
If
the
bearish
momentum
builds
up
it
could
push
the
RSI
below
the
50
midline
level
to
the
30
oversold
level.

Moreover,
the
Moving
Average
Convergence
Divergence
(MACD)
indicates
a
bearish
trend.
The
blue
average
line
recently
crossed
below
the
orange
signal
line
above
the
neutral
level,
indicating
bearish
momentum.
Additionally,
the
histogram
bars
reflect
negative
price
movement,
reinforcing
the
bearish
outlook.

Solana
Price
Prediction:
Is
More
Downside
Coming?

With
the
formation
of
the
double
top
pattern,
more
downside
is
expected
as
the
price
may
drop
to
the
$127
support
zone,
which
is
also
the
pattern
neckline.
Moreover,
the
technical
indicators
for
Solana
are
bearish
and
may
push
the
price
further
downwards
to
the
support
zone
at
$102. 

In
the
converse
case,
the
bulls
might
regain
price
control
on
the
50
SMA
and
push
the
price
up
again.
Additionally,
the
RSI
is
trading
along
the
50
midline
level,
which
indicates
that
there
is
a
chance
that
the
bulls
may
regain
momentum.

Base
Dawgz
Presale
Zooms
Past
$2.79
Million:
Best
Meme
Coin
To
Buy
Now?

As
the
Solana
price
tumbles,
so
the
new
Base
meme
coin

Base
Dawgz
(DAWGZ)
is
rocketing
towards
$3
million
in
funds
raised
in
its
presale.

$2.7
MILLION$DAWGZ
just
keeps
pushing
and
we
don’t
let
up
????

pic.twitter.com/200LaSt3v0

—
Base
Dawgz
(@BaseDawgz)

July
26,
2024

While
the
Base
blockchain
is
its
home,
Base
Dawgz
offers
a
unique
multi-chain
experience
with
seamless
interoperability
across
Ethereum,
Solana,
Binance
Smart
Chain,
and
Avalanche.

Holders
can
also
stake
DAWGZ
tokens
to
earn
an
impressive
977%
annual
percentage
yield
(APY).
The
team
has
already
set
aside
20%
of
the
token
supply
for
staking.

Investors
have
staked
about
32%
of
the
1.69
billion
presale
tokens,
underlining
their
long-term
bullish
outlook
for
Base
Dawgz.

We
would
like
to
hear
from
the

$DAWGZ
community.

Other
than
the
presale
ending
early,
what
would
you
like
to
see
being
implemented
by
the
Base
Dawgz
team?
We
are
all
ears
to
see
where
we
could
improve
alongside
the
community.

pic.twitter.com/mh9irxQU56

—
Base
Dawgz
(@BaseDawgz)

July
30,
2024

The
project
will
also
launch
the
“Be
Social
for
Airdrop”
campaign
to
reward
users
with
points.
All
you
have
to
do
is
use
your
X
account
to
create
and
share
memes
and
other
content
about
Base
Dawgz.
After
the
presale
ends,
users
can
exchange
these
points
for
$DAWGZ
tokens.

According
to
ClayBro,
a
crypto
analyst
on
YouTube
with
over
130K
subscribers,
$DAWGZ
“could
create
millionaires.”

If
you
are
drawn
to
the
presale,
you
can
buy
DAWGZ
tokens
on
the
official
website
for
$0.007061
each.
But
don’t
wait
too
long
because
the
price
will
increase
in
less
than
four
days.

Buy
DAWGZ
tokens
here using
ETH,
USDT,
BUSD,
or
USDC.

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