SOL Price Analysis: Solana Could Soon Rally Above $200

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27 Mar 2024
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  • Solana price started a fresh increase from the $162.00 zone against the US Dollar.
  • The price is now trading above $180 and the 55 simple moving average (4 hours).
  • There was a break above a key bearish trend line with resistance at $175 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase).
  • The pair must clear $195 and $198 to continue higher in the near term.

Solana price is trading above $180 against the US Dollar, like Bitcoin. SOL could start a strong increase if it clears the $198 resistance.

Solana (SOL) Price Analysis

SOL price started a decent upward move from the $162.00 support zone. The price formed a base and was able to climb above the $172 and $180 levels.
There was a clear move above the 50% Fib retracement level of the downward move from the $209 swing high to the $162 low. The bulls were even able to push the price above the $185 resistance zone. Besides, there was a break above a key bearish trend line with resistance at $175 on the 4-hour chart of the SOL/USD pair.

However, the bears were active near the $198 resistance. SOL is now trading above $180 and the 55 simple moving average (4 hours). On the upside, immediate resistance is near the $198 level or the 76.4% Fib retracement level of the downward move from the $209 swing high to the $162 low.
The next major resistance is near the $200 zone. Any more gains might send SOL price towards the $220 resistance zone, above which the price could accelerate higher. The next major resistance sits near the $232 level.
On the downside, initial support is near the $185 level. The next major support is near the $180 level. A downside break below the $180 support level might push the price toward the $172 support. Any more losses might open the doors for more losses toward $162.


SOL Price
Looking at the chart, Solana price is trading above $180 and the 55 simple moving average (4 hours). Overall, the price must clear $195 and $198 to continue higher in the near term.

Technical Indicators

4 hours MACD – The MACD is now gaining momentum in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI is now above the 50 level.
Key Support Levels – $185 and $180.
Key Resistance Levels – $195, $198, and $210.


Bitcoin Price Analysis: BTC Restarts Increase And Aims More Upsides

  • Bitcoin price is attempting a fresh increase from the $60,800 zone against the US Dollar.
  • The price is now trading above $68,000 and the 55 simple moving average (4 hours).
  • There was a break above a key bearish trend line with resistance near $66,200 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase).
  • The pair could start a fresh increase if it clears the $71,250 resistance zone.

Bitcoin price is rising from $60,800 against the US Dollar. BTC might eye another increase if the bulls remain active above the $68,000 zone.

Bitcoin Price Analysis

Bitcoin price started a fresh decline after it failed to clear the $73,800 resistance. BTC declined below the $65,500 and $64,000 support levels to enter a short-term bearish zone.
There was also a move below the $62,200 level. A low was formed near $60,771 and the price is now attempting a fresh increase. The bulls were able to push the price above the $65,000 level. The price is now above the 50% Fib retracement level of the downward wave from the $73,835 swing high to the $60,771 low.
There was a break above a key bearish trend line with resistance near $66,200 on the 4-hour chart of the BTC/USD pair. Bitcoin price is now trading above $68,000 and the 55 simple moving average (4 hours).
Immediate resistance on the upside is near the $71,200 level or the 76.4% Fib retracement level of the downward wave from the $73,835 swing high to the $60,771 low. The next major resistance might be near the $72,000 zone. A clear move above the $72,000 resistance level might send the price toward $73,800.
Any more gains might push the price toward the $75,000 zone. If there is no upside break, the price might start a fresh decline below the $70,000 level.


The first major support is $68,800. The next key support is near the $66,000 level, below which the price might accelerate lower. In the stated case, the price could decline toward the $63,500 level.
Bitcoin Price
Looking at the chart, Bitcoin’s price is trading above $68,000 and the 55 simple moving average (4 hours). Overall, the price could start a fresh increase if it clears the $71,200 resistance zone.

Technical Indicators

4 hours MACD – The MACD is now gaining momentum in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI is now above the 50 level.
Key Support Levels – $70,000 and $68,800.
Key Resistance Levels – $71,200, $72,000, and $73,80

SOL’s Epic Return, SHIB’s Rebound, and ETH’s Quest for $4,000

The crypto market has been a wild ride over the past seven days, with major volatility across all the top cryptocurrencies.
Bitcoin (BTC) briefly touched $61,000 before surging back up to around $69,000, where it currently sits. Altcoins followed a similar trajectory. Shiba Inu managed to fend off the bears at $0.000024 and has since bounced back to $0.000029.
But the real standout was Solana (SOL), making a massive comeback from $160 on March 20th to its current price of around $190. Many experts are even saying that we could see SOL push past its previous all-time high of $260.
However, even if Solana does surpass its ATH, and Bitcoin reaches the long-awaited $100K mark, that would still only amount to less than 2X profits for traders.
For those looking for faster and larger gains, the answer often lies in low market cap meme tokens like Dogecoin20 ($DOGE20), Green Bitcoin ($GBTC), and Smog ($SMOG).
Let’s take a closer look at these projects…

Dogecoin20 ($DOGE20) – Can This Derivative Outperform Original Dogecoin?

While everyone’s been watching Solana make its comeback, Dogecoin20 ($DOGE20) is quietly carving out its own niche in the crypto world. 
This newcomer has already secured over $9 million in its presale, a feat that even the original DOGE waited for a couple of years. 
Dogecoin20 draws from the meme magic that catapulted Dogecoin to fame, featuring the recognizable Shiba Inu and paying tribute to its predecessor’s legacy. 
Yet, it’s not just leaning on meme appeal, Dogecoin20 introduces a staking protocol, giving token holders a chance to earn passive income by simply keeping their tokens in their wallets.
The project outlines in its whitepaper that a significant portion of its 140 billion token supply, specifically 15%, is set aside to incentivize this staking process. 
This strategic move aims to reward long-term holders and inject some utility into the meme coin frenzy. While it’s still early days, the initial success of Dogecoin20’s presale suggests that there’s a real appetite for a project that blends the lighthearted spirit of meme coins with tangible benefits for its community. 
Whether Dogecoin20 will skyrocket remains up in the air, but the hype around its launch indicates it might just be the next meme coin to watch.

>>>Buy the Doge20 Token Now<<<

Green Bitcoin ($GBTC) – Bitcoin Derivative Develops a P2E Game

Green Bitcoin is a new cryptocurrency project with an interesting twist – it combines long-term value with a unique play-to-earn game. 
The core idea is that holders of the $GBTC token can participate in a daily price prediction game for Bitcoin (BTC). If they correctly guess BTC’s price for the day, they get rewarded with additional $GBTC tokens from the project’s staking pool.
For those looking to get involved early, the $GBTC presale offers an attractive incentive – investors can earn up to 261% annual percentage yield (APY) by staking their $GBTC tokens during the presale period. This has attracted a lot of attention to the presale – and propelled it to over $9 million.
While the price prediction game adds an engaging element, Green Bitcoin isn’t just about playing games. The broader goal is to create long-lasting value for $GBTC holders through this innovative combination of gaming and staking rewards.
As Green Bitcoin works towards launching the price prediction game, the team is actively communicating updates and engaging with the growing community on platforms like X (formerly Twitter) and Telegram. 
Like with any investment, it’s wise to thoroughly research Green Bitcoin’s tokenomics, roadmap, and the credibility of the team before deciding to participate. The concept is new, but long-term success will depend on solid fundamentals.
Overall, Green Bitcoin offers a fresh take by blending gaming elements with crypto value creation. As the space evolves, projects bringing new utility could resonate with investors.

>>>Buy the Green Bitcoin Token Now<<<

Smog Token ($SMOG) – New SOL Airdrop Jumps to 271M MCAP

Smog ($SMOG) has burst onto the crypto scene as a new meme coin on the Solana blockchain, and it’s generating a lot of buzz around its upcoming airdrop event. 
Unlike many projects that hold traditional presales, Smog took a fair strategy by launching directly on the Jupiter decentralized exchange (DEX) back in February.
One of the key features that have investors excited is Smog’s staking rewards. Token holders have the option to stake their $SMOG and earn a 42% annual percentage yield (APY) on their holdings. 
Smog’s launch was nothing short of remarkable, with the token’s value increasing by over 1,300% within a single day. 
For $SMOG holders, there are additional opportunities to earn through airdrops and community bounties. 
Simply by holding the tokens, investors can accumulate airdrop points, with plans for quests and challenges to be introduced in the future, further gamifying the experience.
Since its launch, $SMOG has seen an impressive 5,200% gain, propelling its market cap from $2 million to over $271 million. This meteoric rise has certainly captured the attention of the crypto community.
Moving forward, Smog has ambitious goals to establish itself as a leading crypto on the Solana blockchain. 
To aid in this mission, the project has reserved 15% of its token supply for future listings on centralized and decentralized exchanges, potentially opening the doors to increased liquidity and accessibility.
While Smog’s performance has been impressive so far, the long-term success of any project ultimately depends on its ability to deliver on its promises and build a sustainable ecosystem.

>>>Buy the Smog Token Now<<<

Conclusion

The crypto market seems to be gearing up for the next bull cycle, and the recent comebacks of Solana and Shiba Inu are clear signs of what’s to come.
However, while these two giants have regained momentum, their already large market caps may limit the potential for massive returns from their current prices.
That’s where the newcomers we’ve highlighted – Dogecoin20, Green Bitcoin, and Smog – could really shine. These projects not only possess the viral potential that meme coins are known for but also offer unique use cases, which is crucial for long-term relevance in this space.
The best part is that two out of these three are still in their presale – which makes this the perfect time to get your first bundle of tokens. While you can still afford them.

$DONKM Presale Soars With Over 400 $SOL Raised

    

 

Is This The Rise of a New Gem Solana Meme Coin?

As the demand for meme coins on the Solana blockchain intensifies, a new contender, Donk.Meme ($DONKM) has emerged and is causing a stir in the meme coin market.
In just a few days since its presale launch, it has astonishingly garnered 400 SOL in investments, sparking debates on whether this donkey-themed token is poised to rival the success of previous Solana meme coins like Book Of Meme (BOME).
Leveraging a no-cap presale model similar to that used by OxFarms (the brains behind Book Of Meme and Pepe Token), Donk.Meme’s approach is refreshingly progressive.
Investors keen on getting a slice of this promising venture are invited to visit the Donk.Meme presale page. There, contributing Solana (SOL) tokens to the designated presale wallet is straightforward, with all necessary details available at https://donk.meme/sale
Join Donk.Meme Presale
Allocating a generous 70% of its total supply, or 700 million $DONKM tokens for the presale, Donk.Meme is setting the stage for widespread distribution.
The final price per $DONKM will be determined by the total SOL contributed, ensuring fairness in the distribution once the presale concludes, and tokens are airdropped to participants.
Notably, Donk.Meme distinguishes itself by having no insider or team token allocations, a deliberate move to foster fairness and decentralization within the project.
With over 400 SOL already pledged, Donk.Meme‘s trajectory looks promising. Its continued momentum could mirror BOME’s success, potentially securing listings on major exchanges soon after its token airdrop.
Such developments would pave the way for significant trading volumes, reminiscent of past launches within the Solana meme coin ecosystem.
Can Donk.Meme Capture Solanas Booming Meme Coin Market?
The excitement surrounding the Donk.Meme presale is a vivid illustration of the fast growing meme coin ecosystem on Solana. Notably, Solana is now home to four of the top ten largest meme coins by valuation, signaling a shift from Ethereum as the preferred blockchain for meme coin ventures. 
Solana’s appeal, marked by low transaction fees and high throughput, is particularly advantageous for active traders and meme coin enthusiasts.
Interestingly, several of these top-performing meme coins, including dogwifhat (WIF) and Bonk (BONK), launched without concrete real-world applications, yet achieved remarkable gains through effective marketing and robust community support.
 
Join Donk.Meme Presale
If Donk.Meme can harness a similar level of enthusiasm and community backing, it is well-positioned to make significant inroads into Solana’s $6.9B meme coin market.
As the presale continues to attract attention, the crypto community eagerly watches to see if this donkey-themed meme coin will become the next big hit on Solana.
Join the Solana Meme Coin Revolution
As the DONK.MEME token presale continues to gather momentum, the crypto community stands at the threshold of a new era in meme coin investment on the Solana blockchain.
Don’t miss out on juicy announcements and updates on Donk.Meme by joining the Telegram & Discord communities. 
Join Donk.Meme PreSale
Given the meteoric rise of meme coins like WIF, BONK, and BOME on major exchanges, Donk.meme is set to follow in their footsteps, marking an unmissable chance to be part of the next big meme coin craze.
About Donk.Meme
Donk.Meme is a pioneering meme coin project launched on the Solana blockchain, inspired by the beloved character Donkey from the iconic Shrek series.
It represents a unique blend of humor and investment potential, designed to captivate both meme enthusiasts and crypto investors. 
With its foundation on Solana, Donk.Meme leverages the blockchain’s superior speed and low transaction costs to offer a seamless and efficient experience for token holders.
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Disclaimer: The text above is an advertorial article that is not part of Cryptonews.com editorial content.

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