Solama Price Prediction: SOLAMA Soars 78% As Meme Coin Season Restarts But This Solana Competitor Posted Its Highest Weekly Gainer with a 404% Pump.

adminMarch 9, 2024

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Solama price has surged 78% in the last 24 hours. Traded for $0.063 As of 4:02 AM EST, trading volume had increased to $14.61 million.

This comes as meme coin season restarts, with the sector’s market cap increasing nearly 16% to $60 billion, with titans DOGE, SHIB, and PEPE all posting big gains.

Solama price has surpassed the bullish pennant.

Solama price chart analysis Source: Dextools.io — SOLAMAUSD Chart Analysis Source: Dextools.io

Solama price is coming out of a consolidation phase where the bulls appear to be winning in the $0.009 and $0.01 range. The resilience of the bulls allowed the price to soar through the mark-up phase, breaking the upper limit of the pennant and testing the $0.032 and $0.050 resistance levels.

SOLAMA is trading above its 50-day and 200-day simple moving average (SMA), confirming its continued bullish momentum.

Additionally, the Relative Strength Index (RSI) is trading upwards at 77, within overbought territory, indicating that the asset is severely overbought. The overbought RSI also indicates that investors are very optimistic about SOLAMA’s prospects.

Additionally, the Moving Average Convergence Divergence (MACD) is also bullish as the moving average line (blue) crosses above the signal line (orange), indicating a bullish crossover. Buyers often use bullish crossovers as encouragement to add to long positions.

The Average Directional Index (ADX) is also moving north from the 39 to 25 level, indicating that the bullish trend is currently very strong.

Solama price prediction

Solama short-term price analysis shows continued bullish momentum, with bulls expecting to push the price higher, targeting $0.075. ADX, MACD, and RSI provide a bullish outlook for optimistic investors.

However, RSI has already entered overbought territory, which could mean that a price correction could occur soon. In such a scenario, the price could fall to reclaim the $0.03 support zone and act as a buffer against downward pressure.

As Solama prices soar, a new token, Smog, is dominating Solana events after surging more than 400% last week. Analysts say there is still room for gas to surge 100 times more.

Smog Token Pump 404% – Best 100x Buying Opportunity

Based on Solana $smog The price surged 404% last week due to rumors of a Binance listing.

smog price

The dragon-themed coin is gearing up for its largest giveaway ever, surpassing JUP, and has earmarked 35% of its 1.4 billion token supply for the airdrop, which has been dubbed the ‘largest in history’.

one #memecoin To rule them all! 🚀
Get ready for the best moment #airdrop Distributed in History #Solana. 💰
join #smog From Jilly! 🔥
Profile link 🔗 pic.twitter.com/vsn4p5cSF4
— Smog (@SMOGToken) February 8, 2024

Smog is frequently hitting all-time highs and its market capitalization has skyrocketed to $274 million, making it the 13th largest meme coin. The cumulative number of holders is over 54,000.

Buy $SMOG and qualify for the biggest sweepstakes

To qualify for the airdrop, the simplest way is to: Buy and Hold $SMOG. You can also earn airdrop points by joining Smog’s social network and participating in daily tasks managed by Zealy. Airdrop members on the platform have already completed more than 800,000 quests.

You can also enter $SMOG’s weekly sweepstakes, which ends every Friday, to win $5,000 worth of $SMOG prizes.

You can also earn passively by staking $SMOG with a 42% Annual Percentage Yield (APY).

According to YouTuber Jacob Bury, Smog has the potential to pump an additional 100X.

You can purchase SMOG tokens. official website To qualify for the historic airdrop, purchase and stake $Smog and you will also receive a 10% discount.