Solana Price Prediction: SOL Continues Strong Week with 5% Gain as Green AI EV Presales Surpass $700,000.

adminFebruary 3, 2024

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Solana price has surged 5.5% in the last 24 hours. Traded for $101.15 As of 4:49 a.m. EST, trading volume was down 15% to $2.6 billion.

This rise adds to the positive sentiment towards Solana price, which has surged more than 15% in the past seven days.

Former BitMEX CEO Arthur Hayes added to the optimism, predicting a boom linked to the looming banking crisis. These observations come after New York Community Bancorp’s stock price fell 40%.

I think it’s time to head back to the train. Perhaps after several US banks bite the dust this weekend. pic.twitter.com/SxCwK3BVYB
— Arthur Hayes (@CryptoHayes) February 1, 2024

Hayes was bullish on Solana after the SOL token was valued at $60. His optimistic prediction that it would reach $100 proved accurate.

Solana price rising triangle signals bull rally

Solana price chart analysis. Source: Tradingview.com — SOLUSD chart analysis. Source: Tradingview.com

Solana prices are gradually rising, continuing their upward trend after a long period of decline.

Bulls found a support level at $85.28 within the triangle. We push the price to the upper border of the triangle, anticipate a breakout, and begin a bull market. Ascending triangles typically represent: The bullish trend in Solana prices continues.

The price is trading above the simple moving average (SMA) of 50 to 200. The 200 SMA acts as immediate support for the SOL price. Moreover, there is a moving average crossover above the triangle that confirms the upcoming surge.

The relative strength index (RSI) is also strong, exceeding the midline of 50 and rising to 59. If momentum accelerates, RSI may enter overbought territory at 70, confirming a bullish rally.

Solana price prediction

The bulls took advantage. An ascending triangle is expected to cause prices to rise. This is a bullish market aimed at recovering losses, targeting around $135.

However, bears still have a chance to step in to put downward pressure on prices. If this happens, the bulls may retreat to the $94 threshold.

Meanwhile, new students Ituktuk Pre-sales are surging, and the staking and play-to-earn features are generating tremendous investment sentiment and promising lucrative returns and rewards.

eTukTuk Presale Target Reaches $844,000, Buy Quickly Before Prices Soar

While Solana traders wait for a buy signal, investors are eyeing the potential for a 10x return. eTukTuk Pre-sale, secured more than $740,000, coming close to its $844,000 goal. The price of TUK token is $0.02625, but it will increase in 11 days.

Explore the full potential of the project and learn how to participate in the token sale with the following insightful articles. @cryptonews https://t.co/rJ48D2J48p
— eTukTuk (@eTukTukio) January 29, 2024

eTukTuk Project We plan to innovate the transportation industry in developing countries by introducing electric tuk-tuks (small three-wheeled vehicles) and establishing a network of environmental charging stations. The goal is to reduce pollution, make people healthier, and involve more people in economic activity.

9/
Toyota is preparing a global launch of its all-solid-state battery electric vehicle within the next few years. These advancements represent a huge leap forward in battery technology, meaning improved driving range and efficiency 🔋🌐https://t.co/5vdxLZ7BDm
— eTukTuk (@eTukTukio) January 17, 2024

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YouTuber and cryptocurrency analyst Alessandro De Crypto says eTukTuks offer a better chance of profitable returns if you buy them early. In one of his videos, he explains how to buy TUK tokens and stake them for big profits.

You can purchase TUK tokens by visiting the following site: eTukTuk official website. Connect your wallet and exchange BNB or USDT for $TUK tokens. You can also make direct purchases using your bank card.