Solana Price Prediction: SOL Surges 10% as This PEPE Meme Coin Upgrade Surpasses $7.5 Million in Presale

Solana’s price has surged 10% over the past 24 hours, trading at $152 as of 7:30 a.m. ET, while volume has fallen 32% to $6.5 billion.

Solana Price Analysis: Bulls Continue to Drive Prices Up

After Solana price broke from the resistance level of $188 and formed a double top pattern, the bulls are showing resilience as they bounced off the neckline, suggesting that if the bullish momentum continues, there is a possibility of a return to the $188 resistance level.

SOLUSDT Analysis (Source: Tradingview)

Despite the recent bounce, Solana’s price is still hovering around its 50-day and 200-day simple moving averages (SMAs). If positive market sentiment continues, the bulls could push the price higher and potentially trigger a strong bullish rally.

The Relative Strength Index (RSI) has fallen from the overbought zone to the oversold level of 30, passing the 50 mid-line. However, the strength of the bulls has allowed the RSI to bounce back, giving the price a chance to move higher. If this continues, the RSI could rise back to the 50 mid-line.

On the other hand, the Moving Average Convergence Divergence (MACD) shows a bearish trend. The blue average line recently broke below the orange signal line, indicating bearish momentum. Also, the histogram bars reflect negative price action, reinforcing the bearish outlook.

Solana Price Prediction: Bulls Can Reclaim $188 Resistance

The bulls are continuing to show resilience as the technical indicators of Solana price are showing a positive reversal and the bulls are pushing the price higher again. The strong support level of $127 is helping the bulls to regroup and continue the uptrend. If the price moves above the moving average, a rally could begin and the price could go up to the $188 resistance level.

On the other hand, if the bears regain control, they could push Solana price below the neckline of the pattern. The moving averages are currently acting as resistance along the neckline, suggesting that the bulls are likely to regain momentum.

This Layer 2 Meme Coin Pre-Sale Price Has Surpassed $7.5 Million. What Are The Best Meme Coins To Buy Now?

While traders wait to see if Solana price can reclaim the $188 resistance level, the Pepe Unchained (PEPU) presale has raised over $7.5 million.

The Chain Breaker has done it again!

$7.5 Million Raised! 🐸⛓️ pic.twitter.com/ygR2ivQhtl

— Pepe Unchained (@pepe_unchained) August 7, 2024

Pepe Unchained (PEPU) aims to overcome the limitations that PEPE faces while operating on the old, inconvenient, and congested Ethereum network.

PEPU is set to launch its own layer 2 network that promises transaction speeds up to 100x faster than Ethereum and significantly lower fees.

Investors will also have the option to seamlessly bridge their assets between Pepe Unchained and the Ethereum mainnet, combining Pepe Unchained’s low fees and fast transaction speeds with Ethereum’s robust security.

The 99Bitcoins YouTube channel, which has over 706,000 subscribers, predicts that PEPU has the potential to grow 10x after its launch.

Investors can also earn up to 257% annual returns by investing in PEPU tokens.

If you are interested, you can buy PEPU on the official website for $0.0089461. But don’t wait too long, because the price will go up within 2 days.

Buy PEPU here using ETH, BNB, USDT or bank card.

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