Solana Price Prediction: SOL Drops 2%, As Traders Flock This 2.0 SHIB ICO For Parabolic Gains

The Solana price dropped 2% in the last 24 hours to trade at $143 as of 4.45 a.m. EST on trading volume that surged 31% to $2.7 billion.

Solana has been quite busy lately establishing various partnerships and collaborating on a number of different projects, especially in the PayFi sector. The most recent one seems to be its partnership with Selecta, which allows users to easily locate smart fridges as they travel, allowing them to make a quick pitstop and make purchases using USDC.

Yesterday, August 14, Solana announced that Selecta has activated six smart fridges in Paris, and more than 20 additional locations in other parts of France, allowing users to buy snacks or drinks with USDC on Solana.

Before that, another big news from August 7 said that Ethena Labs is integrating with Solana, which will enable USDe deployments on its blockchain, SOL onboarding as a backing asset for USDe, and a new Solana Sats Campaign.

In other words, Solana has a lot going for it, and despite its recent price drop, the project seems to be among the first ones to recover from a recent price correction.

Solana Price Prediction

Solana’s price saw a relatively small drop in the last 24 hours, going down from $145 24 hours ago to $142 as of the time of writing. However, in between these two points, the coin managed to climb to $151 before dropping to its current value, so its drop percentage on a 24h chart will likely increase throughout the day.

Right now, the price is giving signs of a potential recovery, as it already tried to climb up but a resistance at $144 prevented it from doing so, rejecting it back down.

The coin’s Bollinger bands have started widening earlier, but then the price rejection caused SOL to start pushing at the lower band, which is a bearish signal.

Solana Price Prediction

Meanwhile, the coin’s Relative Strength Index (RSI) value saw a sharp surge after dropping to the oversold zone. This was a moment when many moved in to buy the dip, which is what started the attempt at recovery. But, as soon as SOL reached the resistance, those who bought it seemingly sold again to take profit, causing the price rejection to occur.

The RSI drop from 64.86 to 44.61 reflects this, and while the metric remains in the neutral zone, the fluctuations show that Solana has not reached stability and that further volatility might be expected.

Promising Alternatives to Solana

If Solana’s recent price fluctuations seem too volatile and risky, you can always turn to safer options, such as joining crypto presales. One currently ongoing ICO that is worth considering is Shiba Shootout (SHIBASHOOT) — a new Shiba Inu clone that placed the popular meme dog into the Wild West setting.

The project doubles as a meme coin and a P2E game, which is one of the many reasons why it attracted the attention of a large number of investors. Its game is already live for both Android and iOS, but it doesn’t let you earn tokens by winning sharpshooter duels just yet. This will come with a Web3 update which is expected after the ICO ends and the SHIBASHOOT token enters circulation.

Until then, players are free to download the game and practice their sharpshooting skills while there is no money on the line.

But, the hype about the game and high expectations of the project caused its ICO to see quite a strong flow of capital lately, and right now, SHIBASHOOT is closing in on hitting $1 million raised. At the time of writing, the project raised a total of $946.9k, so the $1 million mark is not far now.

Its token, SHIBASHOOT, sells for $0.0199, and you can get it with ETH, USDT, BNB, or credit/debit card. The project saw plenty of experts speculate on its potential, with one of them, a popular crypto YouTuber Jacob Crypto Bury, saying that it could be the next Shiba Inu.

Visit SHIBASHOOT official website.

Related Articles:

  • Shiba Shootout Price Prediction
  • How to Buy Shiba Shootout – $SHIBASHOOT Presale Review
  • Trader Predicts This High Potential Meme Coin Presale Might Surpass Shiba Inu – $SHIBASHOOT

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