The Solana Price Attempting To Overcome A Major Resistance

The Solana price is down more than 7% over the past month following a small loss in the past 24 hours to trade at $134.83 as of 11:28 p.m. EST.

Solana (SOL) price attempts to overcome a major resistance but technicals warn of an impending rejection. Meanwhile, investors are rushing to buy Mega Dice (DICE) before its presale ends.

Key Points:

Solana (SOL) price attempts to flip the $139.37 resistance into support.

Technical indicators suggest SOL price is losing some of its bullish momentum.

Investors are rushing to buy Mega Dice (DICE) before its presale ends.

Solana (SOL) price attempts to overcome a major resistance but technicals warn of an impending rejection. Meanwhile, investors are rushing to buy Mega Dice (DICE) before its presale ends.

Solana (SOL) Price Analysis

A glance at Solana’s 4-hour chart reveals that SOL price is attempting to overcome the resistance level at $139.37. Should Solana price manage to close a 4-hour candle above this barrier within the next 12 hours, the crypto could have the room needed to keep climbing in the following couple of days. This might then lead to SOL rising to as high as $152.78 in the short term.

On the other hand, the Solana price failing to establish a position above $139.37 in the coming 12 hours might invalidate the bullish thesis. In this alternative scenario, traders could begin to exert sell pressure on SOL. The altcoin might end up testing the $125.25 support as a result.

In an extremely bearish scenario, the Solana price could plunge to $109.74 if sellers decide to keep dumping the altcoin should it drop to the $125.25 mark in the next 48 hours.

Technical indicators on SOL’s 4-hour chart suggest the crypto’s price has stalled and is losing some of its bullish momentum. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are starting to show bearish signs.

RSI readings have oscillated within the low to mid 50s. Although the indicator’s value above 50 suggests bullish strength, the negative slope of the RSI line warns that bears could easily take control of the Solana price at any moment.

The MACD Histogram also turned positive throughout the past day of trading to signal that SOL has entered a short-term positive trend. However, the indicator’s value started dropping as the Solana price approached the $139.37 resistance level. Traders might see this as an early indication that the crypto will get rejected by the price point.

As traders wait to see if the Solana price can flip the $139.37 resistance into support, investors are rushing to buy Mega Dice (DICE) before its presale ends.

Investors Rushing To Buy Mega Dice (DICE) Before Presale Ends

Mega Dice (DICE) has a major advantage over other crypto casino tokens, since it is backed by an already reputable brand. The rapidly growing Mega Dice casino boasts over 50K players, 10K actively monthly players and over $50 million in monthly wagering.

As part of its expansion, the casino is now looking to onboard more users through the launch of DICE. Not only will this token unlock exclusive access, rewards and benefits for holders, it will also allow investors to share in some of the casino’s daily profits.

Given the amount of dollars already being wagered on a monthly basis, DICE holders could stand to earn from day 1.

In addition to the exclusive access and bonuses, the project is also offering presale investors early bird bonuses. Select holders will receive limited edition NFTs as well that can be traded on the open market.

With everything the project has to offer and its backing by a reputable casino brand, it’s easy to see why YouTuber TodayTrader told his 11.9K subscribers that DICE could deliver 100X returns after its DEX launch.

Mega Dice’s presale recently entered its final stage, and will be coming to an end in 16 days. There is still time for investors to purchase tokens to unlock all of the rewards on offer and position themselves ahead of the 100X surge forecast by TodayTrader.

Selling for $0.116056, DICE can be bought using either SOL, ETH or BNB. Once purchased, the tokens can be locked up via the staking page on the project’s website for investors to gain access to a 304% APY.

Purchase DICE here before its presale ends.

The above is the detailed content of The Solana Price Attempting To Overcome A Major Resistance. For more information, please follow other related articles on the PHP Chinese website!