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SOL Price Prediction: SOL is just under $14; Will we see $15 by Christmas?

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at recent days FTX breakdown The platform, which was once among the most popular exchanges in the world, was a huge hit. This fiasco also sent the price of Solana (SOL) down more than 57%.

When investigators discovered financial links between Solana, FTX, and Alameda Research, one of the main reasons for this became apparent. In FTX, Solana currently has $1 million locked in cash or similar assets. investors in Solana They have been pushed into a froth as a result and are looking for alternative investments. If SOL goes up to $15 by Christmas, it’s just over $14 now.

The long-term negative pressure on Solana’s price has been getting stronger recently. With bears roaring and bulls remaining silent, there are fewer chances of a return. It looks like the Solana will be out in 2024 at $84.27.

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SOL is just under $14; Will we see $15 by Christmas?

Lately, work has been unkind to Solana; As of this writing, the token is trading at $13.43, down about 6.42% over the past 24 hours. For the past two weeks, the price action has been swinging sideways between $11 and $15, with $11 to $12 serving as a major support level. It remains to be seen if Solana can beat the opposition with $15.

Starting from a bearish context, a decline of 9% to 30% is possible if the reliable basis of $11 is breached. The price could drop to $7-10 in the coming days, depending on the level of concurrent support from afar in 2021.

Given that RSI is now in the 30’s while it has been slowly declining over the past few days, this scenario seems plausible. This indicates that the buying momentum is weak and that Solana may head in a negative direction.

A move is undoubtedly coming for Solana given the lower Bollinger Bands and narrowing, but a move above $15 seems questionable.

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A break from $15 is required for an upside situation, however, the 20 EMA is acting as immediate resistance at $16. The next potential barrier is between $18.30 and $18.90. As in the case of the $15+ breakout, a positive argument can only be made if it is supported by enough volume to overcome this initial hurdle.

It is unclear how the overall cryptocurrency market will turn out, but with the last month of the year fast approaching, investors should consider diversifying their holdings into cheaper coins as well as higher market cap coins like Solana.

What is Solana (SOL)?

Buy Solana

Named SOL (Solana), the blockchain platform aims to run scalable decentralized applications. It was founded in 2017 and is an open source platform now managed by the Geneva-based Solana Foundation.

Compared to other competing blockchains such as EthereumSolana uses faster transactions and charges much lower transaction fees. Moreover, Solana Coin (SOLUSD), which has the ticker symbol SOL and is based on the Solana blockchain, has seen an increase of almost 12,000+% in 2021. At one point, its valuation was over $66 billion, it is the fifth largest Cryptocurrency At that time.

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Solana’s design practices establish a set of software approaches that, when used in conjunction with the blockchain, remove software as a speed limitation. The addition of these two methods makes it possible to increase the throughput of payment methods in line with network bandwidth.

Security, scalability, and decentralization are all basic requirements for a blockchain that are perfectly met by Solana’s design. According to its technical architecture, the maximum allowable throughput exceeding a 40-gigabit network is 28.4 Mt/s and 710,000 T/s, respectively.

Other potential cryptocurrencies

Dash 2 Trade (D2T)

Bitcoin Price Prediction - Will the Bitcoin price cross the $16,000 mark today?

A recently created cryptocurrency analytics and insights company called Dash 2 Trading It introduced the tax-free D2T token to complement its platform. Users of this intuitive platform have access to a wealth of signals and data, as well as an online trading application, to help them make informed trading decisions. Only the most useful signals— such as update counts, advance sales, technical indicators, social analytics, and more — are provided by Dash 2 Trade.

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Among its greatest features are the Dash 2 series’ social and analytical insights. Users of the dashboard may use this feature to identify currencies that may experience significant price changes. Sociocultural trends influence the majority of important market movements in the cryptocurrency market. Tracking community trends can be automated using the Dash 2 Trade platform, which can also provide important social indicators to D2T token holders.

Tora Inu (Tora)

Unlike the later metaverse integration where users could compete against Tora NFTs for additional TORA, Tora Inu It has several P2E games planned. In the metaverse, Tora will evolve with you, and as she grows stronger, she will be able to reward you with greater rewards. You can feed him, accompany him for a walk, or even take him to the gym.

The bonus code as well as the “TORA” meme encourages supply and demand. The token has a depletion mechanism as well as a way to give rewards to holders. To effectively create the gaming environment for earning, Tora Inu plans to leverage meme funds, NFTs, and metaverse trends.

Calvaria (RIA)

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Calvaria

The new cryptocurrency Calvaria It is based on play-to-win strategies. The project’s goal is to promote acceptance bitcoin by the general public by creating an awesome fighting card game based on the gameplay of popular video games, including Magic the Gathering. By trying to bridge the gap between the physical world and cryptocurrency, the platform expects to be successful.

By providing people with an entertaining game that they can connect to and play on their smartphones, the initiative seeks to achieve this. Users can choose between two different games. The first iteration will be available for free on the App Store. Another will contain blockchain elements that anyone can use, even those who are just starting out in crypto games, such as the principles of playing for profit.

Tamadoji (tama)

Buy Tamadoge

The next inexpensive cryptocurrency of 2022 is Tamadoji. It is the accepted payment method on the Doge platform, where users can build and breed virtual pets. After that, you can participate in user combat to climb the TAMA leaderboards and earn rewards every month.

TAMA pre-sale began in the third quarter of 2022 and is currently ongoing. A total of 2 billion digital currencies will be available.

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Blockchain

BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

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BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

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DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

Related

Dash 2 Tadawul – High Potential Pre-Selling

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Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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