The Solana price dropped by 11% in a week while this ICO becomes parabolic

Solana’s price is down more than 11% compared to last week after a minor gain of 24 hours to negotiate $ 173.32 to 9:59 p.m. HNE while investors are limited to limit their exposure to Altcoin.

This drop in resolution price in the last 7 days is part of a longer -term negative trend that has seen the crypto decrease by more than 31% in the last month.

Solara Price trying to exceed the resistance of $ 177.34

4 -hour table for floor / USD (source: geckoterminal)

THE Solara The price tries to overcome the level of resistance at $ 177.34 after rebounded on the support of $ 162.31 in the last 48 hours, GOCKOTERMAL DATA shows. If Altcoin closed a 4-hour candle above the barrier of $ 177.34 in the next 12 hours, it may have the technical foundation necessary to reach up to $ 199.89 in the short term.

On the other hand, a rejection of the resistance of $ 177.34 could lead to a more bearish scenario taking place, where GROUND Reads the support of aforementioned $ 161.48. A drop below this key price could then lead to the Solana price diving in terms of subsequent support at $ 143.94.

The techniques warn that Solana’s price could be rejected by resistance

By examining the technical indicators, there are warning panels that suggest that Solana’s price could find it difficult to overcome the resistance of $ 177.34. The divergence of mobile average convergence (MacD) and the relative resistance index (RSI) on the 4 -hour table show that buyers leave the ground control books while the Altcoin addresses technical resistance.

The RSI readings on the 4 -hour graph have gone from a low territory to 16 years in the mid -1940s in the last 48 hours, reporting an increasing force of the buyer. The current RSI value of less than 50 suggests that sellers are still controlling the solana price, however, while the negative slope of the RSI line warns to decrease the buyer’s strength in the past hours.

Meanwhile, the MacD line began to collapse towards the MacD signal line in the past hours as well. Although the current alignment of these two technical indicators can be considered as a sign that soil is in an upward trend, the shrinkage of narrowing between them could be an early indication of an inversion of tendency to come which promotes carriers.

While Solana is trying to break the resistance, investors continue to compete to resolve the memes of layer 2 SOLAXY (Solx) For gains. In a recent video for its subscribers of more than 725,000, the Youtube 99Bitcoins Populaire channel said that Solx had the potential to skyrocket 100x after its launch.

The first solution of scale dedicated to the Solana ecosystem

Solaxy is the first layer 2 layout solution which aims to improve the efficiency of transactions within the Solana ecosystem. Its timing could not be more perfect, because the Solana network faces the increase in computer stress and high levels of subsequent congestion due to media threw around the soil -based parts.

While opportunistic developers continue to deploy new tokens to try to take advantage of the media threw around the parts even, Solaxy will help Solana to manage the overwhelming transaction workload.

He will do so by executing his native layer 2 chain parallel to the Solana Mainnet, in processing of transactions outside the Solana network, then subjecting lots of transactions to layer 1 for final validation. This approach to the treatment of transactions has already proven to be a successful way to help a network on scale in the Ethereum ecosystem.

As part of its Mission at Solana scale, Solaxy will also fill the popular network with Ethereum blockchain. This connection will lead to the creation of a new and improved web3 infrastructure which can meet the growing requirements of the developers of applications and parts of decentralized memes in the two ecosystems.

Investors rush to buy solx at presale prices

The Solaxy presale has become parabolic and has already collected more than $ 22.6 million. A potential factor that could be the source of the purchase frenzy at this early stage could be the attractive ignition initiative offered to ICO investors. Anyone who buys and springs the Solx tokens during the presale will unlock an APY of 179%.

To participate in these high crypto awards, investors will first have to acquire a solx via the simple purchase widget integrated on the project website. Currently selling $ 0.0016,42, Solx can be purchased with a crypto or a bank card. After having acquired solx, investors must then access the website implementation page and lock their tokens.

Buy Solx here before an increase in presale prices in 41 hours to lock the best offer.

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