Solana Price Prediction: SOL Climbs 3% As Traders Flock To This SOL Meme Coin For Its $1M Airdrop And Imminent CEX Listing

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The
Solana
price
jumped
3%
in
the
last
24
hours



to
trade
at
$190.01


as
of
03:03
a.m.
EST
on
trading
volume
that
rose
13%
to
$4.5
billion.


The
SOL
price
surged
even
as
most
coins
in
the
cryptocurrency
space
fell.
This
comes
as
the
network
registered
over
1.4
million
active
wallets
in
the
second
quarter,
compared
to
500,000
a
year
earlier. 

Solana
Price
Surges
Above
the
Ascending
Triangle
Pattern

Solana Price Chart Analysis Source: Tradingview.com

SOLUSD
Chart
Analysis
Source:
Tradingview.com


Solana
has
been
on
an
upward
trend
since
the
beginning
of
February,
with
a
markup
phase
recorded
in
March
to
record
a
high
last
seen
in
2021
at
$211.49.
The
bears
exerted
some
pressure
on
this
level,
driving
the
price
down
to
the
support
level
of
$168.43.


The
price
has
since
been
at
a
consolidation
level
in
the
$189
range,
aiming
to
break
out
of
the
ascending
triangle
pattern.


The
Solana
price
is
trading
well
above
the
200-day
Simple
Moving
Average
(SMA),
which
is
a
confirmation
of
the
bullish
trend
to
the
upside.


Suppose
the
SOL
bulls
are
able
to
sustain
the
bullish
momentum.
In
that
case,
the
price
will
eventually
overcome
the
50-day
SMA,
setting
the
Solana
price
for
further
movement
higher
above
the
triangle’s
upper
boundary.


Additionally,
the
Relative
Strength
Index
(RSI)
on
the
4-hour
chart
is
rebounding
from
the
30-oversold
region
towards
the
overbought
region,
currently
at
the
50-midline
level.
Sustained
bullish
momentum
could
push
the
RSI
over
the
70-overbought
region,
indicating
intense
buying
pressure.


Solana
Price
Prediction


The
Solana
price
analysis
shows
a
bullish
bias,
with
SOL
price
bulls
aiming
to
drive
the
price
above
the
ascending
triangle
pattern,
with
the
target
set
at
$240.
SOL
traders
are
aiming
to
reclaim
the
token’s
all-time
high
(ATH)
of
$259,
last
recorded
in
2021.


The
SOL
investors
are
also
aiming
to
take
advantage
of
the
movement
of
the
RSI
and
the
golden
cross
at
$97
to
surge
the
price
even
higher.


However,
if
the
bears
take
control
of
the
price
at
this
level,
SOL
could
retrace
back
to
the
$167
support
level,
which
coincides
with
the
200-day
SMA.


As
the
Solana
bulls
prepare
for
another
rally
back
to
$200,
many
investors
are
diversifying
their
portfolios
with
meme
coins
like
Smog,
a
token
set
to
take
advantage
of
the
Solana
meme
coin
excitement.


Smog
Secures
Its
First
CEX
Listing

Best
Meme
Coin
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Smog
(SMOG)


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million.
Season
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the
airdrop
ends
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The
Smog
development
team
has
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35%
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its
1.4
billion
token
supply
for
the
airdrop.
Users
can
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on
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The
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The
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(CEX)
opening
on
April
4
at
5:00
a.m.
EST.
The
listing
could
pave
the
way
for
another
CEX
listing,
possibly
pushing
the
token
into
a
wider
market.


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a
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