Solana Price Prediction: SOL surges 7% as Solana Mobile 2 pre-orders hit 100,000 in one month and ICO for this new green cryptocurrency closes at $1 million.

adminFebruary 14, 2024

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Solana price has surged 5.5% in the last 24 hours. Traded for $114.11 As of 5:19 a.m. EST, trading volume had increased 89% to $2.9 billion.

The Solana (SOL) price surge occurred as Solana’s second phone surpassed 100,000 pre-orders in just over a month. The first Solana Saga phone took almost a year to sell 20,000 units.

The phone has custom features that integrate buying, selling, holding, and using cryptocurrency specifically for Solana blockchain users. Solana The company plans to ship the phone in early 2025.

Solana price rising triangle signals bull rally

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

The price of Solana has been experiencing a gradual rise, trending upward as the markup phase was established, before stabilizing at around $100.

The bulls found a support level at $82 at the lower border of the ascending triangle, which pushed the price above the upper border of the triangle. A breakout signals the continuation of the bullish trend in Solana price.

SOL is trading above its 50-day and 200-day simple moving average (SMA), which confirms the upward trend in Solana price. Additionally, a moving average (MA) crossover has formed at $21.44, further supporting the upcoming surge.

The Relative Strength Index (RSI) is also bullish as it is trading higher near the 68 to 70 oversold zone. If momentum continues, RSI could easily enter overbought territory at 70, confirming a bullish rally.

Solana MACD and ADX Charts

Additionally, the Moving Average Convergence Divergence (MACD) line (blue) is moving above the signal line (orange), further supporting the ongoing rally. The green bar also expands upward to confirm this.

The Average Directional Index (ADX) is trading below the 20 level at 13. This indicates that the current trend is weak but neutral. A neutral movement indicates that a trend change may occur as the price appears to be starting to move north.

Solana price prediction

Solana price bulls took advantage of the ascending triangle pattern to push the price higher, anticipating a bullish rally targeting $140.

However, the bears could still step in to apply downward pressure, which could push the bulls back towards the important support at $80.

Even as SOL rises, some investors seeking strong potential profits and willing to take on more risk are turning to a new cryptocurrency ICO, eTukTuk. Pre-sales are surging and funds raised are quickly approaching $1 million as investors are lured by lucrative returns and rewards.

Green Crypto Project Project eTukTuk Reaches Close to $1 Million in New Cryptocurrency ICO

eTukTuk (TUK) Pre-sale On reaching their $1 million goal, they have already earned $977,982 in initial investment. You can purchase eTukTuk tokens at a discounted price of $0.0265 per token within 9 days before the price increases.

The eTukTuk project will transform the transport industry in developing countries by introducing electric Tuk Tuks (small three-wheelers) and establishing a network of environmental charging stations.

1/ Are you ready to change the game?
Let’s talk about how switching to renewable energy is not only important for the planet, but it can pay for itself in less than six years. 🔄🧵 pic.twitter.com/TZXK8dse5M
— eTukTuk (@eTukTukio) October 6, 2023

eTukTuk operates on Binance Smart Chain (BSC) and uses a decentralized sharing economy model for scalability, security, and efficiency.

Transitioning from old, noisy and polluting ICE Tuk-Tuks to stylish, quiet and environmentally friendly eTukTuks – because progress is not just about moving, it’s about moving forward responsibly 🚗#electric car #meme pic.twitter.com/BWkoU3T09D
— eTukTuk (@eTukTukio) January 7, 2024

Buy and stake $TUK to receive 226% annual rewards

The eTukTuk platform offers you the opportunity to earn passively through: Staking $TUK Tokens Annual Percentage Yield (APY) is 226%.

Introducing the Buy and Stake mechanism. $TUK Start earning dynamic APY by staking your tokens immediately.
Early stakers will enjoy higher returns with APY scaled based on their participation, encouraging early adoption and a fair and attractive incentive structure for all. 🌟 pic.twitter.com/pMrXEZzB3f
— eTukTuk (@eTukTukio) October 10, 2023

You can also earn rewards through upcoming Play-to-Earn games. game, crazy taxiYou will earn token rewards by transporting passengers to various locations in Sri Lanka’s busy streets.

According to YouTube crypto analyst Jacob Bury, eTukTuk has a 10x potential at launch.

You can purchase $TUK tokens by visiting us today. eTukTuk official website. Exchange BNB or USDT for $TUK tokens or buy directly using your bank card.