Solana was under significant selling pressure last week, but it’s now showing signs of a bullish comeback. However, savvy traders are switching to Lunex Network’s viral presale which has already raised more than $1,270,000 USDT in record time.

Can Solana (SOL) Reach $330 Before 2025?

Solana was on a bearish trend after spending the last seven days in the red zone. Since Solana’s price was down by 5.58% last week, analysts projected steeper declines in Q4. However, one renowned analyst believes Solana could breach its critical resistance and reach $330 by the end of Q4. Due to this bullish prediction, investors are regaining interest in Solana as the token’s volume has increased by 110% over the last 24 hours. 

Solana is currently trading for $147.14 after a 1.91% intraday increase. Given Solana’s strong technological developments such as the recent release of Frankendancer and the upcoming release of Firedancer in 2025, Solana appears to be regaining bullish momentum in Q4. If Solana can break above its 200-day SMA at $153.03 soon, Solana’s price could surge up to the $169.36 resistance in the next few weeks. 

Lunex Network (LNEX) Redefines Trading with New DeFi Exchange

Lunex Network (LNEX) is emerging as a powerful force in the crypto DeFi exchanges space as it soars through its explosive presale. This state-of-the-art protocol makes use of the most advanced blockchain technologies to offer a variety of interesting perks to traders. Even loyal Solana users are now switching to Lunex Network due to its unmatched interoperability features, smart contracts, and more than 50,000 compatible crypto pairs. 

The biggest reason why Lunex Network is gaining traction is the platform’s commitment to bringing trust and privacy back to crypto trading. Unlike most centralized exchanges, Lunex Network has a robust no-KYC policy that allows traders to maintain their anonymity while trading. Even high-profile investors who need to keep their identity a secret due to business reasons are rapidly switching to Lunex Network’s viral exchange. 

The best part about trading on Lunex Network is the lightning-fast transaction speeds and lowest gas fees in the market. By using smart contracts to split trades across various networks, Lunex Network sources liquidity from different chains and gives traders the lowest possible transaction cost on every trade. To make things even better, Lunex Network is simplifying the entire trading experience with its incredibly easy to use UI. With Lunex Network’s mobile exchange, traders can simply select a crypto pair to swap, enter a recipient wallet address, and make a deposit using the generated QR code. After this quick process, traders can receive their new tokens in a matter of minutes. 

Although Lunex Network is still in the fourth stage of its presale LNEX tokens are selling out fast. Since Lunex Network has already managed to raise more than 1,270,000 USDT in record time, analysts are tipping at a massive 1800% price surge as more traders are expected to jump ship to Lunex Network ahead of the upcoming bull run. 

For now, LNEX tokens are selling for a surprisingly low price of only $0.0017 each, making it an ideal investment opportunity for savvy traders who are looking for big gains. 

You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Investors need more than gut feelings when deciding whether to go long or short on Solana or the Dogecoin price. WallitIQ (WLTQ), an Ethereum-based AI crypto wallet, is offering traders an edge with its AI-powered suggestions for smarter trading decisions. 

WallitIQ is quickly gaining traction among investors looking for the next big thing with its presale. The WLTQ token offers early investors a golden opportunity to be part of a groundbreaking project that can deliver massive returns.

WallitIQ (WLTQ): The AI Crypto Wallet For Smart Trading Decisions

WallitIQ is more than just a crypto wallet. It’s a platform built on Ethereum’s robust blockchain that brings advanced AI functions to the world of trading. Traders are debating whether to go long or short on the Dogecoin or Solana price. WallitIQ steps in to provide clarity through its sophisticated AI-driven suggestions. Its Predictive Analytics and Escrow Connect systems are among the many standout features. They help investors navigate the volatile world of cryptocurrency.

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With AI driving its predictive technology, WallitIQ provides traders with insights into market movements. Thus, it helps them make informed decisions on whether to go long or short on the Dogecoin or Solana price. The platform’s cutting-edge technology can simplify complex trading strategies. That makes it a must-have tool for both novice and experienced investors. 

Why is WallitIQ Beneficial for Traders?

From Predictive Analytics to Automated Portfolio Rebalancing, WallitIQ guarantees that traders always stay ahead of the curve. It provides invaluable assistance when it comes to timing trades on the Dogecoin price and the Solana price. The platform’s Performance Tracking feature also keeps users informed about their portfolio’s health. The Automated Portfolio Rebalancing takes care of adjustments to optimize performance. 

For traders focusing on Dogecoin and Solana price fluctuations, WallitIQ’s AI-powered recommendations make trading simpler and more effective. The Scan and Pay QR feature also makes crypto payments easier. It allows users to send and receive digital assets with just a scan. Moreover, as the WLTQ token presale continues, early adopters have a rare chance to position themselves for incredible gains.

WallitIQ (WLTQ) is attracting crypto whales by droves and for a good reason. With its Push Protocol Technology, traders get real-time on-chain activity notifications, while the AI Chatbot provides 24/7 support.

The project’s SolidProof-audited smart contracts guarantee security and reliability, which is critical in today’s crypto landscape. With features like AI-powered Escrow Connect and Physical 2 Digital (P2D) wallet integration, WallitIQ (WLTQ) solves real-world challenges that have long plagued the crypto space. The result is seen in a surge of interest from both institutional and retail investors, all eager to get in on the action before the presale closes.

Betting On Dogecoin And Solana Price This Cycle

The question on many traders’ minds is whether to bet long or short on Dogecoin and Solana prices. Both cryptocurrencies have seen bullish trends, with the Dogecoin price often driven by its meme popularity and Solana price known for its fast transaction speeds. While Solana price predictions and Dogecoin price remain relatively stable, smart investors are looking beyond just these altcoins. 

WallitIQ (WLTQ) has captured the attention of crypto enthusiasts, particularly with its presale offer price of $0.0171, which can soar as soon as the token hits the mainstream market. As the crypto bull run approaches, the WLTQ token is positioned to experience massive gains, leaving behind the Dogecoin and Solana price in its wake.

Conclusion

As the market debates whether to go long or short on Dogecoin price or Solana price, WallitIQ (WLTQ) has emerged as a game-changer in the crypto space. The WLTQ presale provides a unique opportunity for investors to get in early and potentially reap significant rewards as the bear market recovers.

With crypto whales and retail investors flocking to WallitIQ (WLTQ), now is the time to join the presale and position yourself for the gains that could soon follow.

Join the WallitIQ (WLTQ) presale and community: 

Join WallitIQ (WLTQ) Presale

Join the WallitIQ (WLTQ) Community

ETFSwap (ETFS) is a tokenization platform for exchange-traded funds (ETFs). The platform allows crypto traders and institutional investors to access and trade the institutional assets in a decentralized framework. The platform’s nativity to the robustly secure and highly scalable Ethereum blockchain imbued it with characteristics such as 24/7 market coverage and access which helps traders and traders manage their trades efficiently as they can open and close positions swiftly and with ease.

ETFSwap’s (ETFS) Ethereum foundation also confers the best security on the platform so it can adequately safeguard users’ portfolios. Additionally, ETFSwap (ETFS) built on the layers of security it inherited from the Ethereum blockchain, enacting several protective measures to prevent hacking attempts and protect users’ hard-earned profits. , a cybersecurity auditing firm, recently conducted a thorough audit of the ETFSwap (ETFS) platform and found it did not have any significant security vulnerabilities.

ETFSwap (ETFS) features an advanced market-making algorithm, which will make sure that all buy and sell orders are taken at the best possible prices. The algorithm tightens spreads and minimizes slippage, enabling users to maintain optimal liquidity always.

Meanwhile, ETFSwap (ETFS) ordered for its team and leadership in a show of transparency. The project’s smart contract has since been displayed prominently on its official website, allowing all visitors to verify its credentials and reassure investors that their investments are in safe hands.

Among the various altcoins in the market, the Solana price has been performing relatively well, experiencing slight price surges here and there. Based on a crypto analyst’s prediction, Solana could be creating up for a major bull flag that could send its price to new all-time highs above $1,000. It’s important to note that Solana is currently trading at less than one-ninth of this projected price target of $1,400.

SOL Bull Flag Points To $1,400 Price Increase

A crypto analyst on X (formerly Twitter) identified as ‘Titan of Crypto,’ has shared a bullish forecast for Solana, predicting its rise to astronomical highs. The analyst predicted that Solana could see its price jump to $1,400 soon. 

Related Reading

In a comprehensive chart analysis of Solana’s price movements from 2023 till date, the analyst identified a well-defined bull flag pattern, which he described as “massive.” According to Titan of Crypto, the formation of this bull flag signals the potential for a major rally in the coming weeks and months.

In the Solana price chart, the analyst traced the unique flag pattern, which began forming before October 2024. He extended the pattern into 2025, emphasizing that the flag would likely emerge around the end of 2024 or the beginning of the next year, before continuing its development through to October 2025. 

If SOL can successfully complete this pattern without experiencing significant price declines, the crypto analyst expects the top altcoin to reach new all-time highs at $1,429 by 2026. However, a more conservative price projection was given by another crypto analyst, who suggested that a $1,000 price surge based on the Heads and Shoulders technical indicator was a more realistic price target for Solana.

Echoing this sentiment, Titan of Crypto disclosed that Solana’s Fibonacci extensions currency suggests a potential move towards the $1,400 price mark. While maintaining his bullish outlook for SOL, the analyst acknowledged that a $1,000 price target is also possible. He adjusted his previous forecast, stating that he expects Solana to see a price increase around the $1,000 range. 

Titan of Crypto has also confirmed that if Solana can pull off this projected price surge, its current market capitalization of $72.7 billion could potentially double, surpassing Ethereum’s market cap, which currently stands at $315 billion. 

Related Reading

Solana Price Fundamentals Remain Strong

While analysts expect Solana to experience a bullish move soon, the cryptocurrency has also been showcasing strong price fundamentals amidst market volatility and previous declines in the Bitcoin (BTC) price. 

The price of Solana is currently trading at $154.92, marking an 8.59% increase over the past week. The popular altcoin has already experienced another 1.75% price surge in the last 24 hours, underscoring investors’ positive outlook and sentiment for Solana. 

Featured image created with Dall.E, chart from Tradingview.com

The cryptocurrency Solana (SOL) has gained popularity in recent years, mainly due to its fast and inexpensive blockchain technology. But a recently published analysis by the renowned Standard Chartered Bank is now making headlines: If Donald Trump becomes US president again, the price of Solana could increase fivefold by the end of the year.

How does this forecast come about, and what are the driving factors behind a possible price increase?

Trump’s influence on the crypto markets

Donald Trump has made it clear during his presidency and also in the current election campaign that he has a rather positive attitude towards Bitcoin and other cryptocurrencies. Trump, who once said that the US dollar could lose strength if the US does not embrace digital currencies, is seen by many in the crypto community as a potential catalyst for a crypto boom.

That is mainly because he already announced during the election campaign that he would reduce regulatory pressure on the crypto industry and steer the US more towards blockchain technology and cryptocurrencies.

A Trump victory in the presidential election could therefore create a positive environment for cryptocurrencies, giving the markets a new boost. Solana in particular, which is increasingly positioning itself as a strong alternative to Ethereum, could benefit from this.

Why Solana?

Solana is often referred to as the “Ethereum killer” because it offers a blockchain that is faster and more scalable than Ethereum. The network can process up to 65,000 transactions per second, while transaction costs are minimal compared to Ethereum. This makes Solana attractive to many developers and DeFi projects. In addition, the Solana ecosystem is growing in popularity among NFT projects, which is giving the price of SOL an additional boost.

However, according to Standard Chartered’s analysis, there is another reason why Solana could benefit particularly strongly: its connection to institutional investors. If institutional investors such as hedge funds and asset managers push more into the crypto market due to looser regulation under Trump, Solana could become one of the preferred investments due to its technological advantages and its already existing infrastructure in the financial sector.

An environment for growth

In addition to the political landscape, economic factors could also play a role. Standard Chartered predicts that under a second Trump presidency, the US key interest rate could be cut further. Lower interest rates make cryptocurrencies and other speculative investments more attractive because they offer higher returns than traditional investments such as bonds. This could motivate institutional and private investors to shift their capital into cryptocurrencies such as Solana.

The demand for innovative blockchain solutions will also continue to grow as more and more companies and developers look for fast, secure and cost-effective platforms for decentralized applications (dApps). Solana is able to meet this demand and could thus consolidate its position in the market.

Do not ignore risks

Of course, this forecast is not without risks. The crypto market is known for its volatility, and political developments are difficult to predict. While a Trump victory could certainly provide positive momentum for Solana and other cryptocurrencies, it remains unclear how other political actors – such as the US Congress – will behave. Regulatory uncertainties and potential market manipulation could also slow down the expected upward trend.

Conclusion: Solana in the fast lane?

The prediction that Solana price could quintuple by the end of 2025 is quite optimistic. It is based on a combination of technological advantages, growing adoption, and a potentially crypto-friendly political environment under Trump. Investors who believe in Solana’s potential could make significant gains in the next few years – provided the political and economic environment develops as expected.

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(Featured image by Scottsdale Mint via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in BLOCK-BUILDERS.DE. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Recently there was a significant surge in the price of Bitcoin bringing it very near to $65,000. Many participants on the market were taken aback by the sudden and swift action. But just as quickly as Bitcoin’s value increased, selling pressure quickly followed, which caused a sharp decline in price. 

A classic illustration of how volatile Bitcoin can be, particularly when liquidity thins out, is this price knife on the chart. The price action that took place up until $65,000 looked encouraging, but the subsequent reversal shows that BTC is having difficulty keeping up its upward momentum. There was not enough follow-through to maintain the gains despite the initial excitement surrounding the sharp move, which begs the question of whether BTC will be able to reach this level of growth again soon. 

As of right now, Bitcoin is trading at roughly $62,000, with resistance at $65,000. Stronger volume and buying pressure — something that was absent during the most recent spike — are required if Bitcoin is to stage another run at $65,000. Due to the erratic price action, traders and investors should exercise caution as there is no obvious indication that BTC will rise further in the absence of strong support. 

Furthermore, neutral conditions are suggested by technical indicators like the relative strength index, which indicates that while the market is not overheated, there is also not strong momentum to drive Bitcoin higher in the near future. If the crucial support level of $60,000 is not maintained, Bitcoin may revert to earlier values.

Solana’s hidden pattern

At the moment, Solana is exhibiting indications of a broadening wedge reversal pattern. A narrow beginning point that widens over time, signifying increasing market volatility and indecision, is what distinguishes this pattern. 

Broadening wedge patterns typically result in either a breakout or a breakdown, and Solana is currently at a pivotal point where its next move will determine its course. According to Solana’s chart the price is currently trading just above important support levels between $140 and $145. 

If SOL can gain sufficient momentum, the broadening wedge pattern indicates that a reversal may be possible. As a ceiling in recent weeks, the $150-$155 resistance zone needs to be broken for the asset to confirm a bullish reversal, according to Solana. The next target, which is in line with earlier highs from September, would be at or near $160 if Solana is able to break through this level with significant volume. 

To keep up its current upward momentum, Solana needs to hold support at about $140 on the downside. A breach of this barrier might render the broadening wedge pattern invalid, which might cause a decline toward $135 or even lower. Another crucial technical level to keep an eye on is the 50-day EMA, which is located around $145. If the price stays above this moving average, it will support a potential reversal even more.

Dogecoin misses its chance

Since it was rejected at a crucial stage, Dogecoin has missed its chance for a significant turnaround. The 100-day EMA, which was serving as resistance, turned out to be an impenetrable barrier for DOGE. The probability of a decline has increased as a result of this denial, and the coin is currently under more selling pressure. 

Dogecoin encountered resistance at the 100-day moving average (EMA) after attempting to break above $0.12. Since then, the price has begun to decline. If this level is not broken, it indicates that bulls are no longer in control of the market and that the momentum is now with the bears. 

This rejection is important because it represented the critical turning point where DOGE had the opportunity to break its prior downward trend. Now that the 100-day EMA has been rejected, Dogecoin is vulnerable to more drops. The psychological barrier at $0.10, which has served as support in previous trading sessions, is the next level of support to keep an eye on. 

The next significant support is located around $0.09, and if DOGE breaks below this level, the downtrend may quicken. If DOGE wants to have any chance of a reversal, it must recover the $0.12 level. Dogecoin’s short-term downward momentum may continue unless there is an abrupt surge in buying pressure based on the current price action. The asset appears ready for more losses, and traders should keep an eye on the important support levels up ahead in light of the unsuccessful breakout attempt at the 100-day EMA.

As the cryptocurrency market remains volatile, Solana (SOL), once one of the hottest altcoins, has experienced a sharp decline, falling from $160 to $139, marking a 10% drop in the last week. Meanwhile, the emerging altcoin JetBolt (JBOLT) is gaining momentum, attracting significant attention from both crypto whales and enthusiasts, with innovative features and a successful presale. In this article, we’ll explore why Solana’s price has dropped and why whales are flocking to JetBolt.

Solana (SOL)’s Price Decline Explained

After a stellar year that saw Solana’s price surge by nearly 500%, recent weeks have proven challenging for the blockchain giant. Open interest in Solana’s SOL has dropped by almost 20% between the 30th of September and 4th October, highlighting a potential outflow from SOL.

Solana’s drop is attributed to a combination of factors, including global geopolitical uncertainty and concerns surrounding its network centralization. Critics, including prominent figures like Edward Snowden, have voiced concerns that Solana’s faster, cheaper transactions may come at the cost of decentralization.

Solana, often praised for its high transaction speed and lower costs, now finds itself in a precarious position. Crypto analysts are watching to see whether SOL can recover its $144 support level or face further downward pressure​.

As Solana faces challenges, many crypto whales are actively looking for new opportunities that are still early but could experience massive growth. JetBolt is a new groundbreaking crypto on presale that is gaining traction with its high-tech solutions to key Web3 issues.

JetBolt’s Meteoric Rise: What’s Fueling It?

As Solana faces bearish pressure, JetBolt (JBOLT) has emerged as a leading contender in the altcoin space. JetBolt’s presale has already crossed $250,000, driven by its innovative zero-gas fee technology. This feature eliminates the transaction costs that typically burden users on traditional blockchains, making JetBolt particularly attractive to both casual users and high-volume traders.

JetBolt positions itself at the forefront of technological innovation, by integrating artificial intelligence with blockchain. JetBolt token holders can benefit from its AI-powered tool that provides the latest market insights and news so you can stay up-to-date on crypto trends. This tool is considered very useful, especially for those always on the lookout for the next big opportunity.

One of the standout features propelling JetBolt’s growth is its rewarding staking platform. Unlike traditional staking mechanisms that only offer passive rewards based on the number of tokens staked, JetBolt’s system is designed to encourage active engagement. Token holders can earn daily rewards simply by logging in and interacting with the platform or their friends, enhancing user participation and community growth​.

With the price of JetBolt rising every day during its presale and exclusive presale discounts, many crypto aficionados are rushing to join in. The combination of innovation and momentum make JetBolt a top contender in the 2024 altcoin market.

Conclusion: Solana Faces Tough Times While JetBolt Gains Momentum

As Solana grapples with price drops and concerns over centralization, JetBolt is riding a wave of positive momentum, thanks to its zero-gas fees, AI integration, and staking incentives. While Solana’s ecosystem and technology are still respected, the rise of JetBolt signals a possible shift in investor sentiment toward newer, more efficient blockchain solutions. Whether Solana can regain its footing remains to be seen, but JetBolt’s ascent is one to watch this 2024.

For those who want to explore the JetBolt presale, you can visit you the following links:

JetBolt Official Website

Join the JetBolt Telegram Community

Follow JetBolt on X (Twitter)

Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

As cryptocurrencies gain traction, investors seek the next big thing that will provide the biggest returns.

Even while Ethereum and Solana still hold a majority of the market, a bunch of new coins have emerged as competitors with distinctive qualities that help them stand out from the competition in terms of profitability. Bitgert $BRISE is one among them!

This article describes how Bitgert, for a variety of reasons, can have price gains higher than Ethereum and Solana by 2025.

Why is Bitgert a big YES over Ethereum and Solana?

Without a doubt, Ethereum and Solana play a crucial role in smart contracts and decentralized applications (dApps). Both the coins, Ethereum and Solana, have a stellar history when it comes to both innovation and price performance. But at the same time, a few hiccups along the way can reduce the chances of expanding Etereum and Solana in the future, especially in comparison to Bitgert $BRISE.

Ethereum

Ethereum is known for its technology but currently facing various challenges from Bitgert. Ethereum is unable to expand due to restrictions in the network technology regarding transaction costs and delayed processing. Ethereum supports autonomous contracts. Developers find the platform intriguing due to its flexible programmability.

Even though Ethereum is widely utilized, it has costly gas fees, scalability issues, and is unreliable. The main reason for Ethereum’s price fluctuations is its scalability issues. Ethereum shifted from PoW to PoS, to reduce the energy cost during mining, but still, the issues are not resolved. These obstacles hold back users from adopting Ethereum and keep the coin away from achieving its growth potential.

Solana

Solana, an even bigger and reliable blockchain, is often considered an Ethereum Killer. Still, there have been some issues with Solana. There have been several instances of transaction interruptions on the Solana blockchain, some lasting up to seven hours.

Solana can handle up to 65K transactions per second, and the BRC20 blockchain Bitgert is capable of tackling 100K transactions per second. Bitgert does not charge gas costs; whereas Solana takes $0.00025. Bitgert’s blockchain appears to be a more technically sound choice when compared to Solana.

However, it would be interesting to see if Bitgert can maintain this momentum and outpace market leaders like Ethereum and Solana.

Final win for Bitgert!

Bitgert is quickly establishing itself as a much-upgraded ecosystem that combines Ethereum and Solana’s strong ecosystem with incredibly scalable infrastructure. Bitgert will still have a difficult time overcoming Ethereum and Solana’s established network effect and huge market dominance. Bitgert is making a strong case to replace Solana and Ethereum both.

So, if you are an investor to explore more hidden gems apart from the market giants, and want to win a bounty, Bitgert is waiting for you!

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

• Jupiter, at press time, was trading at a demand zone, but buying pressure was lethargic
• Further losses can be anticipated as the price moves towards the next key liquidity zone

Jupiter [JUP] crypto seems to be in a tough spot in the market. The token’s price has dropped by 26% in two weeks, with the trading volume falling by 18% in the last 24 hours alone – A sign of bearish market sentiment.

The Solana [SOL] liquidity aggregator has not attracted many buyers recently, even though the token was trading at an attractive demand zone. Will the bulls halt the sellers, or should we expect a deeper drop?

The 78.6% retracement level might not hold

The market structure on the daily chart was bearish once more. Jupiter appeared to form a range that extended between $0.736 and $0.913, but the last few days of trading have taken it below the lows.

The $0.69-$0.78 zone was a demand zone since April and has been tested multiple times. A daily session close beneath the 78.6% Fibonacci retracement level at $0.76 has also happened many times.

A drop below the lows of 5 August at $0.658 would be a sign that $0.47 is the next price target. The OBV has also declined slowly over the past six weeks to show a lack of buying pressure. Finally, the daily RSI reflected bearish momentum with a reading of 40.

Bullish reversal potential for Jupiter under the retracement level

Once the 78.6% level is beaten, the 100% retracement level is usually the next target. AMBCrypto noticed that in Jupiter’s case, it might not play out in this case.

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Realistic or not, here’s JUP’s market cap in BTC’s terms

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This, because a large pool of liquidity has built up at $0.6 over the past three months. A drop to this zone to collect the liquidity would likely be followed by a swift price rebound for JUP.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

The pattern of crypto investors reallocating their portfolios has become increasingly common, especially as major coins show minimal gains. Recent market shifts have seen prominent holders shedding significant portions of their holdings in established cryptocurrencies like Solana, redirecting funds toward new and promising tokens. One such investor, managing an $11 million portfolio, has made headlines by selling off part of their assets as Solana faces a price dip, channeling the proceeds into the rising star, MoonTaurus (MNTR), a meme coin catching the attention of Shiba Inu enthusiasts.

Solana’s Struggles Amid Market Movements

Solana (SOL) has seen a significant dip in its value, recently dropping below $150 to trade at $144.78. Despite raising $12 million in a funding round led by Polychain Capital to enhance its restaking network, Solana’s price continues to face downward pressure. The price is now trading below its key 50-day and 200-day Simple Moving Averages (SMAs), reinforcing the bearish trend. The Relative Strength Index (RSI) also indicates that Solana is edging towards the oversold territory, a signal of intense selling pressure that could push prices lower.

As Solana struggles, investors are eyeing opportunities elsewhere, anticipating a forthcoming altseason where newer, high-potential coins like MoonTaurus (MNTR) could outperform.

Shiba Inu’s Mixed Signals

Meanwhile, Shiba Inu (SHIB), another major player in the meme coin market, is sending mixed signals to investors. After a modest 0.5% uptick, SHIB is poised on a precarious edge. The token recently saw a price increase from $0.00001 to $0.000014, a 30% rise, but technical indicators suggest a potential bearish reversal. The Average Directional Index (ADX) slope suggests that sellers still dominate, making a drop to the $0.00001 level a distinct possibility. However, growing on-chain activity and a falling wedge pattern hint at a possible breakout, which could see SHIB prices soaring if the bulls regain control.

Despite these uncertain prospects, some investors are looking beyond SHIB, driven by the allure of MoonTaurus (MNTR), which has shown remarkable growth and financial promise in its early stages.

MoonTaurus (MNTR): The New Investor Favorite

MoonTaurus (MNTR) has quickly emerged as a token of interest, particularly among investors who have historically backed meme coins like Shiba Inu. The token recently moved into the second phase of its presale, with the price surging by 100% to $0.01. This price jump reflects increasing investor demand, and with Phase 2 now 10% sold out, MoonTaurus has already raised over $400,000, building on the $300,000 secured during Phase 1.

What sets MoonTaurus apart from many other meme coins is its financial potential. Unlike coins facing inflationary pressures or oversized token supplies, MoonTaurus offers a more controlled and strategic approach, appealing to investors looking for substantial returns. Those who buy into the presale at the current price of $0.01 are positioned to gain a 700% profit at launch, with the token expected to hit $0.07. The fact that Phase 1 sold out so quickly underscores the market’s confidence in MoonTaurus, suggesting that the token could grow significantly once it officially launches.

As Solana’s price falters and Shiba Inu faces potential volatility, investors are increasingly turning to newer opportunities like MoonTaurus (MNTR). The shift in capital from established tokens to emerging ones signals a broader trend in the crypto market, where the search for higher returns drives investment decisions. MoonTaurus, with its impressive presale performance and strong investor backing, stands out as a potential leader in the meme coin market, giving Shiba Inu bulls something to watch closely. With Phase 2 already underway and predictions of significant post-launch gains, MoonTaurus offers a compelling opportunity for those looking to capitalize on the next big move in the crypto market.

Website: https://moontaurus.com/
Linktree: https://linktr.ee/moontaurus