Solana Price Prediction: SOL Drops 2% Despite Firedancer Launch As This Unique Meme Coin ICO Rockets Past $1.5 Million

The
Solana
price


fell

more
than
2%
in
the
last
24
hours
to
trade
at
$143.60
as
of
4:57
a.m.
EST.

This
drop
in
the
SOL
price
came
even
after
the
launch
of
Solana’s
new
validator
client
called
Firedancer,
which
is
an
independent
validator
client
that
validators
can
run
to
build
the
blockchain. 

The
Solana
Price
Could
Enter
Into
A
Strong
Move
Soon

4-hour
chart
for
SOL/USDT
(Source:


TradingView)

The


Solana

price
is
testing
the
key
support
level
at
$143.48.
A
symmetrical
triangle
has
also
formed
on
the
altcoin’s
4-hour
chart,
which
suggests
SOL
could
soon
undergo
a
strong
move.
As
such,
the
crypto
is
at
a
critical
juncture,
since
this
specific
chart
pattern
indicates
that
the
Solana
price
could
go
either
way
in
the
coming
24
hours.

Should
SOL
close
a
4-hour
candle
below
$143.48
within
the
next
8
hours,
it
could
be
at
risk
of
plunging
to
the
subsequent
support
level
at
$135.96
in
the
following
24
hours.
However,
the
Solana
price
closing
the
next
two
4-hour
candles
above
$143.48
might
invalidate
the
bearish
thesis. 

In
an
alternative
scenario,
traders
could
identify
the
altcoin’s
current
level
as
a
long
opportunity.
This
potential
buy
pressure
might
then
push
the


Solana

price
above
the
upper
boundary
of
the
symmetrical
triangle
pattern
and
beyond
the
$150.54
resistance.
SOL
could
subsequently
have
the
foundation
needed
to
rise
to
as
high
as
$162.25
in
the
short
term.

Technicals
Point
To
A
Continued
Drop
In
The
Solana
Price

From
a
technical
perspective,
indicators
on
SOL’s
4-hour
chart
show
that
the
crypto
is
at
risk
of
shedding
more
of
its
value
through
the
course
of
the
next
trading
day.
Both
the
Moving
Average
Convergence
Divergence
(MACD)
and
the
Relative
Strength
Index
(RSI)
indicators
show
that
bears
have
the
upper
hand
against
bulls.

RSI
readings
have
declined
sharply
in
the
last
couple
of
hours.
With
the
RSI
line
sloped
negatively,
it
seems
sellers
are
still
accumulating
strength.
This
could
lead
to
a
continued
drop
in
the
Solana
price.

Over
the
past
24
hours,
the
MACD
line
also
crossed
below
the
MACD
Signal
line.
Traders
usually
see
this
as
an
indication
that
a
crypto
has
entered
a
short-term
negative
trend.
The
growing
gap
between
these
two
lines
suggests
that
SOL’s
bearish
momentum
is
picking
up
steam
as
well.

If
these
technical
signs
influence
traders’
decisions
in
the
next
24
hours,
then
the
Solana
price
could
drop
to
the
$135.96
support
level.

As
the
Solana
price
heads
south,
funds
being
pumped
into
the
new
meme
coin
ICO


Crypto
All-Stars
(STARS)

have
surged
north
to
blast
past
$1.5
million
in
presale.

Allowing
Investors
To
Put
Their
Meme
Coin
Holdings
To
Work

Crypto
All-Stars
(STARS)
offers
meme
coin
lovers
an
innovative
platform
to
grow
their
meme
coin
bags.
Through
the
project’s
platform,
investors
can
lock
up
a
variety
of
tokens
for
passive
rewards.

DOGE,
SHIB,
PEPECOIN,
FLOKI,
BRETT,
MOG,
LADYS,
TOSHI,
COQ,
BONK,
and
TURBO
can
be
staked
so
far,
with
more
options
to
be
added
in
the
coming
weeks.

Once
staked,
investors
will
receive
payouts
in
STARS,
which
can
then
also
be
locked
up
on
the
platform.
Anyone
who
stakes
STARS
now
will
gain
access
to
an
astonishing
968%
APY. 

Its
meme
coin
appeal
and
unified
staking
offering
has
excited
crypto
experts
and
analysts,
including
popular
YouTuber
Jacob
Crypto
Bury.
In
a
video
to
his
42K
subscribers,
he
said
that
the
meme
coin
has
the
potential
to
generate
10X
returns
for
investors.

Investors
Rush
To
Get
In
On
STARS
At
Presale
Prices

Crypto
All-Stars
has
already
raised
over
$1.5
million
through
its
ongoing
ICO,
signaling
strong
investor
confidence
in
the
project’s
future.
Included
in
this
impressive
raise
so
far
is
a
recent
purchase
by
a
crypto
whale,
who
acquired
$50K
worth
of
STARS
at
the
start
of
the
month.

Investors
can
join
this
crypto
whale
in
scooping
up
STARS
at
this
early
stage
using
the
simple
buy
widget
embedded
on
the
project’s
website.
Selling
for
$0.0014593,
STARS
can
be
bought
using
either
USDT,
ETH,
BNB,
FLOKI,
SHIB,
PEPE,
DOGE
or
bank
card.

Investors
looking
to
purchase
the
crypto
at
the
best
possible
rate
will
want
to
act
fast
because
its
price
is
scheduled
to
increase
in
less
than
2
days,
and
also
during
subsequent
stages
of
its
presale.

Purchase
and
stake
STARS
here
for
the
968%
APY
here
before
its
price
increases.

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