Solana Price Prediction: SOL Plunges 10% As Experts Say This Base Meme Coin Might 100X

The
Solana
price
plunged
10%
in
the
last
24
hours


to
trade
at
$142

as
of
00:47
a.m.
EST
on
trading
volume
that
rose
16%
to
$3.1
billion.

Solana
is
trading
near
the
$140
support
level,
a
critical
juncture
that
could
significantly
influence
its
future
trajectory.

The

Solana
network
continues
to
experience
a
surge
in
activity,
resulting
in
a
fluctuations
between
$142
and
$149.
Despite
the
upward
momentum,
the
cryptocurrency
struggles
to
reclaim
the
$155
level,
according
to
data
from


GeckoTerminal.

As
technical
indicators
offer
mixed
signals,
can
the
price
of
Solana
eventually
overcome
the
consolidation
phase?

Solana
Price
Could
Breakout

The

Solana
price
has
rebounded
from
a
recent
downtrend,
soaring
from
the
$110
support
to
the
$163
resistance.
SOL
then
pulled
back
slightly
to
trade
back
within
a
sideways
pattern,
with
the
bulls
now
aiming
for
a
breakout
above
the
consolidation
zone.

However,
the
price
of
Solana
still
trades
below
both
the
50
and
200
Simple
Moving
Averages
(SMAs)
on
the
4-hour
chart,
supporting
the
current
downtrend
towards
the
lower
boundary
of
the
pattern.

The
Relative
Strength
Index
(RSI)
also
seems
to
be
consolidating
slightly
below
the
50-midline
level
in
a
neutral
position,
currently
at
45,
an
indication
that
investors
may
be
accumulating
to
take
advantage
of
looming
buying
signals.

The
RSI
also
indicates
a
neutral
condition
as
the
bulls
and
bears
struggle
for
dominance.
However,
with
a
sideways
pattern
having
formed
after
a
recent
surge,
the
bulls
aim
to
try
and
take
control,
which
could
push
the
price
of
Solana
to
the
$180
level.

However,
if
the
bears
gain
control
of
the
price
at
this
level,
the
price
of
Solana
could
retrace
below
the
sideways
pattern,
with
$130
acting
as
the
immediate
support
zone.

Meanwhile,
as
the
Solana
bulls
aim
for
a
rally,
other
investors
are
buying
the
new
Base
meme
coin,


Base
Dawgz
(DAWGZ),
which
has
already
garnered
over
$2.9
million
as
it
hurtles
towards
the
$3
million
milestone.

After
passing
$2.9M
raised,
we’re
steadily
on
our
way
to
3M
????

pic.twitter.com/JbZUMgF8yd

—
Base
Dawgz
(@BaseDawgz)

August
13,
2024

Base
Dawg
Presale
Garners
$2.9
Million
–
Best
Meme
Coin
To
Buy
Now?

Base
Dawgz
brings
a
unique
multi-chain
experience
that
offers
seamless
interoperability
across
different
blockchains,
spanning
Ethereum,
Solana,
Binance
Smart
Chain,
Avalanche
and
the
layer-2
Base
network.

To
ensure
that
holders
can
easily
soar
through
the
decentralized
world
without
limits,
Base
Dawgz
leverages
the
latest
technology
in
Web3,
including
Wormhole
and
Portal
Bridge.
This
allows
you
to
transact
seamlessly
across
multiple
blockchain
ecosystems
and
have
unparalleled
multi-chain
functionality.

Users
can
benefit
from
staking
rewards,
with
the
team
already
setting
aside
20%
of
the
total
token
supply.
If
you
buy
and
stake
DAWGZ,
you
get
an
annual
percentage
yield
(APY)
of
839%.

The
project
is
also
launching
the
“Be
Social
for
Airdrop”
campaign
to
reward
users
with
points
that
can
later
be
redeemed
for
DAWGZ.
All
you
have
to
do
is
engage
with
social
media
networks
on
X. 

According
to
Jacob
Bury,
a
crypto
analyst
and
YouTuber,
DAWGZ
can
potentially
surge
100X
after
its
launch.

If
you
are
interested
in
participating
in
the
presale,
you
can
buy
DAWGZ
tokens
for
$0.007784
each.
But
don’t
wait
too
long,
becausethe
price
will
increase
in
less
than
four
days.

You
can
buy
DAWGZ
tokens
on
the
official
website
here.

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