Solama price has risen by 27% in the past 24 hours to $0.1074 as of 8:30 AM EST.
Solama is a relatively new cryptocurrency on the Solana blockchain that has quickly risen to prominence among Solana memecoins recently, gaining as much as 2,488% in the past week.
Solama price bulls find support, push prices higher
TradingView Analysis of SOLAMAUSDT
Solama price is showing a steady uptrend after a period of consolidation. The bulls have established a solid support level at $0.003921 and are pushing the price towards the $0.1706 resistance level.
Even though the bears initiated a correction, the $0.0706 support area shows the resilience of the bulls and they are regrouping to push the price higher.
Furthermore, technical indicators support the momentum as the price is trading above the 50-day and 200-day Simple Moving Averages (SMAs), indicating an overall bullish momentum. The moving average crossover at $0.00622 confirms the overall bullish momentum.
The relative strength index (RSI) is showing a rebound above the 50 midline level and is trending below the overbought zone of 70 at 62. The increased momentum could push the RSI back into the overbought zone.
Solama bulls maintain bullish momentum
Currently, Solama price is in a push and pull between the bulls and bears who are trying to control the price. Moreover, the bulls are likely to regroup at the $0.001271 support level and push the price above the $0.1706 resistance level to form a new high in the coming weeks.
However, the bears are likely to intervene and push the price lower to confirm a bear trend reversal, forcing the bulls to retreat to the $0.0427 support level.
In the meantime, you might want to consider Smog, the new token that’s dominating events on Solana and promising the largest airdrop ever. Experts say it still has the potential to go up another 1,000 times.
The best chance of 1000 times, Smog rose 164%
Smog is a dragon-themed meme coin that has attracted widespread attention from well-known investors and has skyrocketed by 164% in the past week, becoming a popular coin in the meme coin field.
With an impressive market cap of $239 million, Smog is the 13th largest memecoin with over 75,000 holders.
Billed as the "greatest ever," the SMOG airdrop is a great opportunity to get some free loot. The Smog team has allocated 35% out of a total supply of 1.4 billion tokens to community members for the airdrop.
One #Memecoin to rule them all!
Get ready for the greatest #Airdrop of all time, distributed on #Solana.
Join #SMOG on Zealy!
Link in the description
pic.twitter.com/vsn4p5cSF4
– SMOG (@SMOGToken)
February 8, 2024
Buy Smog now to qualify for the largest airdrop ever
Purchasing and holding SMOG in your wallet will make you eligible to participate in the Smog airdrop.
You can also earn airdrop points by joining Smog’s social media and participating in daily tasks managed by Zealy. Airdrop members on the platform have completed more than 1.5 million tasks.
Join the #SMOG community on #Zealy and increase your points to get the #Airdrop of $SMOG.
Complete missions to earn extra points!
Stay tuned for upcoming announcements.
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– SMOG (@SMOGToken)
February 21, 2024
You can also enter the $SMOG giveaway contest that ends each week for a $5,000 prize in $SMOG.
You can also earn passive income by staking $SMOG token and getting an annualized yield (APY) of 42%.
Cryptocurrency analyst and YouTuber Jacob Bury said SMOG has the potential to increase 1,000 times and will create a new batch of millionaires this year.
The best way to buy and stake the tokens is through the official website where you will get a 10% discount on the market price. You will need a compatible wallet to exchange your ETH or USDT.
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