Solana Price Prediction: Top Analysts Expect SOL to Drop Below $70, Experts Say the Future Belongs to Green ICO Cryptocurrencies Like This One Focused on Electric Vehicles

Solana price has risen by 1.5% in the past 24 hours to $87.79 as of 4:29 am EST. Trading volume has fallen by 32% to $2 billion. Despite the sharp price increase, crypto analyst Bluntz is one of several experts at X who believe that SOL price could fall to around $70. Bluntz also said that SOL has recently followed a clear trajectory called a "B-wave triangle," which is often characterized by the cryptocurrency's value forming a series of lower highs and higher lows. This pattern indicates a period of consolidation before a clear rise or fall. Bluntz expects SOL's potential decline to be a "buying opportunity," saying that if the price pulls back to the "low $70s," aggressive buying or "maximum bidding" may occur. Solana price is bullish and ready to break out of a bullish wedge pattern. Solana price gradually rose after a long period of consolidation, giving bulls a platform to push prices northward, reaching the $126.10 resistance level. However, the bullish momentum was interrupted and the bears started exerting downward pressure, forming a bullish wedge pattern, which signals the continuation of the bullish trend in the price of Solana. This pullback allowed the bulls to regroup and prepare for another upward push near the $83 support and the 50-day simple moving average (SMA). The price of Solana remains above the 50-day and 200-day simple moving averages (SMAs), with the SMA showing a crossover at $22, with the 50 SMA acting as an immediate support for the price of SOL. The relative strength index (RSI) shows a recovery from 38 to 47, which is close to the 50 midline level, indicating the possibility of the RSI rising to the overbought zone of 70. The presence of the bullish wedge pattern allowed the bulls to regroup to recover the losses and push the price to the expected high in 2024 with a target of around $150. However, if the bear market persists, the price may approach the $68 threshold. While the price of Solana was falling, the pre-sale of eTukTuk made a significant impact in the crypto space. Experts are increasingly advocating new ICO projects like eTukTuk as the future of a sustainable world and recognizing their huge expansion potential. The eTukTuk presale has raised $552,073 with a target soft cap of $680,000, with only about five days left before the price increase. Currently, you can buy $TUK tokens at a discounted price of $0.026. This offer is available now, and will be officially listed on major exchanges at a price of $0.04 soon. eTukTuk represents an environmentally friendly transportation future, incorporating artificial intelligence technology, providing an opportunity for immediate investment and income. It uses blockchain technology to secure payments and transaction settlements. The total token supply of $TUK is 2 billion, with a hard cap of $5.69 million. 21.5% has been allocated through the staking mechanism. The reduction in the circulating supply of staked tokens may drive prices up due to increased demand. Buy and immediately stake the $TUK tokens you receive to earn an annualized yield (APY) of 383%. Early stakers can expect higher returns as the APY adjusts based on participation. Over 13 million TUK tokens have been staked, with the current reward rate being 4.75 per BSC block. Rewards will be distributed over three years based on your share of the staking pool and the APY return. You can now earn passive income by playing P2E games, upgrading your eTuktuk, unlocking new cities, and discovering more features. In this thrill-filled game, you’ll drive a crazy taxi through the streets of Sri Lanka. Your mission is to quickly pick up and drop off passengers who are in desperate need of transportation. The faster you do it, the more $TUK tokens you’ll earn. This project has caught the attention of Cilinix Crypto, a crypto analyst with over 45,000 YouTube subscribers. He recently showcased eTuktuk in one of his videos and provided valuable insights on how to buy and utilize its staking and P2E features to get the most benefit. To buy $TUK tokens and join the presale, visit the official eTuktuk website, connect your digital wallet, and exchange your BNB or USDT for $TUK tokens. You can also buy directly with a bank card. Related News: 5 Top Crypto Presale Opportunities for 2024: Revealing the Most Anticipated Opportunities! Shiba Inu Price Prediction 2024: Moonshot or Earthfall? New Crypto Mining Platform - Bitcoin Minetrix Rating. Coinsult Audited, Decentralized Secure Cloud Mining, Earn Free Bitcoin Every Day, Native Token in Presale - BTCMTX, Staking Rewards - Over 100% APY. Learn More. Join our Telegram channel to stay updated with the latest news coverage.