Solana Price Prediction: SOL challenges BNB as the 4th largest cryptocurrency after surging 14% in a week as traders turn to this innovative AI cryptocurrency ICO heading towards raising $400,000.

adminFebruary 15, 2024

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Solana prices have risen slightly over the past 24 hours, trading at $116.24 as of 4:30 a.m. ET, with volume down 4.5% to $2.4 billion.

The weekly performance is even more impressive, a surge from $101 just 7 days ago. This pushed its market capitalization above $50 billion, making it a challenger to BNB for the fourth-largest cryptocurrency position by market capitalization.

There are several reasons for the surge, including the fact that Solana’s second smartphone has already accumulated. 100,000 pre-orders. In addition, Solana has launched 13 new expansions to its ecosystem, which are critical to the NFT sector.

Token expansion 💪 https://t.co/rhsA96Jrv9
— Solana (@solana) February 14, 2024

Solana price prediction

While Solana’s price surged significantly last week, the coin reached resistance by rising to $118. This is a level that has not yet been breached. Of course, this is still quite far from the coin’s ATH of around $260 reached in November 2021, but it is also currently the highest point SOL has reached in a year and a half.

The big question is – where do we go from here?

While the aforementioned fundamental factors have been a big reason for the recent surge in SOL, there are also some technical indicators that suggest Solana may yet break above the resistance level that halted its advance yesterday. The coin started seeing another widening of the Bollinger Bands that strengthened yesterday, suggesting that the bulls are in control once again.

Solana Prices February 15

Likewise, SOL’s Relative Strength Index (RSI) score is improving. After falling into oversold territory in the last few hours, it has bounced back towards neutral territory where it is currently rising to a value of 55.80. Meanwhile, the token’s price is below $117, suggesting that SOL has plenty of room to grow if the bull market can continue its rise.

The chart also presents a clear flag pattern, and despite the recent surge stopping, SOL still appears to have a bullish sentiment. This is why the coin is likely to bounce back to the $118 level once again in the coming hours and possibly surpass that level this time.

However, even if the downtrend resumes, Solana still enjoys strong support at $115, followed by $110 and $105, which could prevent the price from falling too low.

A promising alternative to Solana

For those who missed last week’s SOL pump, there’s a promising alternative. The token in question is called Scotty The Ai (SCOTTY), an innovative AI cryptocurrency project that combines artificial intelligence with a deep understanding of blockchain technology.

The project is currently in pre-sale, but already buyers can stake their SCOTTY tokens and receive rewards through staking immediately, with an expected return of 326% per annum.

Meme Coin for Big Profits: AI Pre-Sale Scotty Crosses $360,000.
🚨 Only $30,000 left in Phase 3 of public pre-sale.
🚀Join the pre-sale here https://t.co/YXcyMocjUVhttps://t.co/xS9JK2GGT6
— Scotty The Ai (@ScottyThe_Ai) February 14, 2024

One of its key features is Scotty Swap, a hub for seamless and fast token swaps. Powered by cutting-edge AI technology, Scotty ensures that every transaction is not only safe but also optimized for maximum benefit.

The project also features ScottyChat, an AI-powered cryptocurrency companion where you can discuss cryptocurrencies, provide market insights, and explore the world of digital assets.

🚨Only $25,000 remains in Stage 3.
Stages 1 and 2 have closed early!
⚠️ Prices will increase from stage 4 onwards.
Buy $Scotty Pre-sale at https://t.co/zRmy4g8hfW#blockchain #memecoin #Binance #Ticketing #Ethereum #Cryptocurrency pic.twitter.com/ebnS2FoCtG
— Scotty The Ai (@ScottyThe_Ai) February 15, 2024

Michael Wruble, an analyst and YouTuber with 310,000 subscribers, said he invested in the project because of its unique combination of memes and AI and the strong marketing push behind it. Scotty appears as a jet-black Scottish terrier who is the mysterious guardian of the cryptocurrency sector.

The project’s pre-sale has already raised $397,510 of the $398,999 interim goal, so move quickly and secure your tokens at a price of $0.0052 before the current phase sells out.

If you are interested in purchasing SCOTTY tokens, you can exchange them for ETH and USDT or purchase with a credit or debit card.

Visit SCOTTY’s official website here.