Recent Developments on Solana blockchain The network has seen increased activity among developers, which is being seen as a positive sign for the cryptocurrency – with the price of Solana skyrocketing in recent days. According to data from crypto aggregator Lunar Crush, social mentions dubbed “Ethereum The “killer” altcoin soared in January 2023, indicating growing popularity in the crypto community.
This renewed interest in Solana has also led to an increase in daily active wallets, which are now three times higher than before the collapse of the FTX exchange in November. The network has been recovering from a drop in activity and price since the FTX event, but it appears to be on the rise once again.
It also appears that the recent surge in Solana price can be attributed not only to increased activity among developers and users, but also to a new addition to the Solana ecosystem as well as the release of the meme coin BONK. Could BONK, which was inspired by the popular Dogecoin, has seen a massive rally of over 3,600% in the week since its launch, reaching its all-time high price of $0.000004873759 on January 5th.
At the time of writing, the price of SOL is $16.23. Can the cryptocurrency maintain its momentum and double towards $30?
Solana (SOL) Price Prediction and Technical Analysis
Exponential Moving Average (EMA)
Solana price is currently trading above its 20-day and 50-day EMA, which means that the outlook for this crypto is bullish and ahead in the short to medium term. to spread possible. To further validate the bullish movement in price, it is necessary to break the 100-day EMA and look for a bullish alignment of the EMAs, with the lower EMA surpassing the higher EMA.
Relative Strength Index (RSI) and Solana Price
The RSI entered the oversold level at 71.94 yesterday, with SOL surging heavily by 22.77% over the past two days. Currently, the RSI for SOL has declined slightly to 69.45 with today’s decline in price.
Moving Average Convergence Divergence (MACD) and Solana Price
A bullish crossover occurred on January 1st, and since then the separation has been steadily rising as measured by its histogram. Furthermore, the MACD acted to cross the zero line, suggesting that SOL could experience sustained bullish momentum in the coming days.
Solana’s Price Action, Support and Resistance
After consolidating above the $12.74 to $12.94 support range from January 3 to January 8, SOL price effectively crossed its range yesterday to the 50-day EMA and the previous resistance range of $14.58 to $15.11.
With the crypto having seen an increase in bullish activity over the past two days, it is now at oversold levels and looking for relief to consolidate above the previous resistances which have now moved from the support level of $14.58 to $15.11. The price of SOL is down 2.67% to $16.22 so far for the day. If the price can successfully sustain around these levels, the next immediate target for SOL is the confluence of the 100-day EMA in the $17.64 to $18.86 range.
Other cryptocurrencies to invest in as Solana price rises
The crypto market could very well make a recovery in 2023, and you can get an early jump on future profits by investing in promising altcoins at current low prices during presales. Be sure to take a look at D2T, FGHT, and CCHG which are set to be available on exchanges this year.
Dash 2 Trade (D2T) will help with Solana’s price forecasting and sentiment
The impending launch of Dash 2 Trade in February could change cryptocurrency trading for the better. Featuring a wide range of functions that give traders ultimate oversight over their funds and invaluable resources to help them make informed decisions for maximum return on investment, Dash 2 Trade stands out from the competition with a comprehensive suite of tools. standing.
Dash 2 Trade not only gives investors the information they need to make informed decisions, but also allows experienced traders to refine their methods and use automated trading with the exchange API. Its advanced Token Presale Score system enables traders to get ahead of the game by investing in some of the most promising tokens before they hit the exchanges.
In addition to real-time sentiment surveillance and automated tools, Dash 2 Trade’s platform also provides powerful analytics. And one of the best things about this new platform from Learn2Trade is its already existing global user base; With over 70 000 merchants already enrolled. To ensure that users get a top-notch experience, the team will regularly seek customer feedback and use that information to refine its offering.
With only a few hours left in the Dash 2 Trade pre-sale, it has been a resounding success, surpassing expectations and raising an impressive $15.3 million. To capitalize on this momentum, the team is offering an additional $2 million worth of tokens, but only a few hours remain to grab some of these tokens before the oversold round ends. This achievement will provide Dash 2 Business with sufficient resources for a rapid product release and additional exchange listings in the future.
Fight Out (FGHT) in the battle of the best crypto 2023.
Fight Out is an in-development Move to Earn (M2E) app and gym series that will reward and motivate members to stay active with the community. The company will be building online communities in the fitness world like Metaverse, as well as in local communities. The Fight Out app will empower users to quickly and easily create and customize workout plans, track progress, and participate in community challenges.
Fight Out will use a real-time NFT-based avatar to help users monitor their progress, as the digital avatar will level up when fitness goals are met. Users can compete in battles with their avatars for prizes.
Around 2023, the company is set to launch its first gym chain, which will be a state-of-the-art Web3-enabled space that will offer studio space, health bar and co-working space, as well as a variety of fitness stations. Smart technology such as ‘mirror’ will allow users to view their fitness profiles and get feedback on their workouts.
In addition to the gym, Fight Out will also provide users with customized workout plans developed by experienced fitness experts, as well as performance analysis and progress monitoring tools to motivate members on their journey to achieve their fitness goals. It will also allow community members to share inspiring stories through content creation opportunities.
Fight Out’s approach to promoting an active and healthy lifestyle through a fun and engaging platform has already attracted the attention of investors, with the company raising over $2.8 million to date during its FGHT token presale . Pre-sale investors can enjoy a 50% bonus on the FGHT token over its floor price, and the project is backed by reputable organizations such as LBank Labs, Cryptonews.com, Transak, and BlockMedia Labs, which provide financial and operational support. We do. Probability of project success.
Supercharge your portfolio with C+Charge (CCHG)
c+ charge is an upcoming peer-to-peer payment system and rewards app for electric vehicle (EV) charging, which uses blockchain technology to make the charging process more efficient, cost-effective and transparent. The platform aims to reduce the time and expense associated with traditional EV charging methods, as well as reward users for their eco-friendly behaviour.
According to the white paper, C+Charge’s platform will allow EV owners to estimate their charging costs with accuracy and clarity. Additionally, landlords and businesses no longer have to worry about rising electricity prices for non-EV drivers, as the app allows them to monitor energy usage for each EV at their location, so that only EVs Electricity should be charged only from the chargers. Used. This technology takes an important step toward eliminating one of the biggest obstacles property owners face when installing an EV charger.
C+Charge is expected to become an important app for EV owners, offering a rewards system, cost savings opportunities and educational resources, providing a valuable use case in the fast-evolving EV industry. With the increasing popularity of electric vehicles, C+Charge aims to make the charging experience more seamless and hassle-free for EV owners, while encouraging wider adoption of the eco-friendly technology.
The pre-sale of C+Charge’s CCHG tokens has so far raised over $238k and has doubled overnight as interest in the project grows. Now is a great time to get some tokens in Phase 1 of the pre-sale at $0.013 USDT per token. The token price will increase in the next 3 steps before ending at $0.02350 each.
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