
Fifth note of musical scale, the native token that powers the Solana blockchain, was last seen trading in the $13.20 area on Wednesday, down slightly less than 1.0% from the $14.20 area earlier in the session. This still leaves the cryptocurrency up about 33% since the start of the week and about 66% higher against low end of 2022 Approximately $8.0 per token. price prediction Later became more enthusiastic.
The cryptocurrency’s latest surge has seen it back north of its 21 and 50-day moving averages at $11.60 and $12.75 respectively, with bulls now eyeing a test of resistance in the $15 area. A break above this level could open the door to a long-term resistance near the $19 area.
For its value, cryptocurrency analyst Marzel thinks the sol pump is now likely to reverse, and is targeting a retest of $12.20, where he is looking to take profits on recently implemented short positions.
Is it too late to buy SOL?
In light of Solana’s recent pump, that has a lot to do with the early success of a new Solana-based Dog Meme Coin project. BonkSome investors may be asking, is it too late to buy Solana?
Did they miss down? Are all the easy gains now taken? Is Buying Now a Bad Idea?
If Marzel is correct, investors may have another opportunity to acquire SOL tokens in the $12 region, suggesting that it is not too late to buy SOL and it may be worth waiting a bit.
But if more bullish predictions for the cryptocurrency hold true, now may be the best time to enter, as waiting could cause investors to miss out on potential gains ahead.
A member of the crypto community has predicted that Solana will top out at $33 over the next six months, adding that “this whole year looks like a sideways chop” and “nothing seems likely to break out”.
Another member of the community said that SOL will reach the range of $40-50.
A jump to $33, which is a significant area of supply, would result in a 150% gain from current levels in six months. Meanwhile, a jump into the $40-50 range would result in gains of 200-280% over the same time period.
From a technical perspective, if SOL is able to overcome near-term resistance in the $15 and $19 area, it could find itself testing itself for a potential break in the June 2022 to October 2022 range in the $25-48 area.

Can SOL recover despite FTX collapse concerns?
Such a rally may seem far-fetched for the time being in light of Solana’s struggles in the wake of the collapse of the FTX cryptocurrency exchange. FTX and its disgraced former CEO Sam Bankman-Fried There were huge supporters of Solana and its ecosystem and as a result of their sudden explosion, Solana pulled almost all of their funding, along with a flood of developers and projects that jumped ship.
This has given a blow to its price. Despite its recent recovery, SOL is still down about 66%, close to its pre-FTX November high of $40.
But crypto expert Col. Jung takes a more optimistic view, buoyed by the success of BONK. He added, “Bonk emerged to inspire Solana at a time when many had dismissed it as dead.”
Altcoins to consider
With the broader cryptocurrency market still struggling in early 2023, traders/investors may be looking to diversify their assets which gives them a better chance of posting short-term profits. Here is a list of Cryptonews.com’s favorite presale tokens from some of the most promising crypto projects.
Fight Out (FGHT) – Presale Launch
Fight Out, a brand new Move-to-Earn (M2E) fitness application and gym chain that wants to bring the fitness lifestyle to Web3, has started its pre-sales and investors feel the project is a great addition to the current Web3 M2E landscape. can change. While existing M2E applications such as STEPN only track steps and require expensive non-fungible tokens (NFTs) to participate, Fight Out takes a more holistic approach to tracking and rewarding its users for their exercise and activity. is, and does not require an expensive buy-in to participate.
Fight Out’s FGHT tokens are currently selling for 60.06 per 1 USDT, and interested investors are encouraged to act fast to secure their tokens, with pre-sales reaching 2.6 million in just a few weeks. Raised over $. FGHT is the token that will power the Fight Out crypto ecosystem.
Dash 2 Trade (D2T) – Pre-sale enters final phase
Those looking to invest in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up and coming analytics and social trading platform is expected to take the crypto trading space by storm with its unique features.
These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system, and strategy back-testing tools. Dash 2 Trade’s ecosystem will be powered by D2T tokens, which users will need to purchase and hold in order to access the platform’s features.
Dash 2 Trade is about to end a pre-sale that offered the tokens at a heavily discounted rate. Sales recently exceeded $13.5 million. The pre-sale dashboard is going to be released soon, currently the development team is running ahead of schedule. The tokens are currently selling for $0.0533 each and will be listed on several centralized exchanges starting this month.
C+Charge (CCHG) – Pre-Sale On Now
Carbon credits estimated to be worth the industry $2.4 trillion by 2027, Democratizing access to reap these benefits is going to drive business to scale in the years to come and this is something crypto start-up C+Charge hopes to achieve. C+Charge is currently building a blockchain-based peer-to-peer (P2P) payment system for EV charging stations that will allow drivers of electric vehicles (EVs) to earn carbon credits.
C+Charge aims to promote the role of carbon credits as a key incentive for the adoption of EVs. Currently, large manufacturers of electric vehicles such as Tesla make millions by selling carbon credits to polluters. C+Charge seeks to democratize the carbon credit market by allowing more of these awards to find themselves in the hands of EV owners rather than just large businesses.
C+Charge has just launched its pre-sale of CCHG tokens that its platform will use to make payments at EV charging stations. The tokens are currently selling for $0.013 each, although this will increase by up to 80% by the end of the presale. The project has already raised close to $75,000 in just a few weeks. As such, investors interested in getting into the early stages of an eco-friendly cryptocurrency project should act fast.
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