2024-10-18 15:23 |
The Solana (SOL) price has gone up by 12% in the past week, breaking key resistance points. Some experts believe Solana could either drop by 12% or surge by 27.8% soon. Let’s look at the latest Solana news and market indicators to see what’s next.
BBTrend Shows SOL Bulls Are Still StrongThe BBTrend indicator is still positive at 8.08, showing that the Solana coin is supported by the market. It’s priced above the Bollinger Band, meaning there’s good sentiment around Solana. This is supported by past predictions and performance as well.
But, the BBTrend dropped from 9.01, suggesting the bullish trend may be slowing down. If this continues, Solana might struggle to maintain its price, as noted in recent Solana news.
Is Solana’s Uptrend Losing Momentum?The Directional Movement Index (DMI) shows that Solana still has a strong uptrend, with an ADX value of 34. This suggests that the uptrend still has strength. However, if the ADX drops or levels off, it could signal a reversal in Solana price growth.
If the DMI goes below 20, it may indicate weaker momentum, leading to more selling pressure on Solana.
Solana Price Prediction: 12% Drop or 27.8% Surge?Solana’s Exponential Moving Averages (EMA) still suggest a bullish trend. However, the short-term EMAs are starting to turn downward, which may signal weakening strength. If the short-term EMAs cross below the long-term ones, it could mean a bearish trend is coming.
In a bearish scenario, Solana price might fall to $144 or $133, reflecting a 12% correction. On the bullish side, Solana price could break through $161 and reach up to $193, showing a 27.8% rise.
SOL Fans Take Note: Minotaurus ($MTAUR) Could Be Your Next MoveSolana has been a fan favorite for a while, but with some uncertainty on the horizon, SOL holders are starting to look around for backup options. To future-proof their portfolios, smart SOL enthusiasts are exploring new digital assets to stack up on. One rising star catching their eye? Minotaurus ($MTAUR) – a hot new Web3 gaming presale that’s been recently noted for its x5,000 potential.
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ConclusionThe next few days will be critical for the Solana price. With key indicators like BBTrend and DMI weakening, holders need to watch closely. A correction down to $133 is possible if momentum slows, but Solana could also rise to $193 if the bulls regain control.
For SOL holders looking to diversify, Minotaurus ($MTAUR) offers an exciting alternative that could complement their holdings perfectly. A low entry fee, enticing perks for holders, and an amazing giveaway make this a perfect time to jump in. Don’t wait, grab your early spot now!
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This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
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