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Solana’s Potential Breakout May Trigger a Major Rally as This New GambleFi Casino on Telegram Raises $433K in Presale

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In the world of crypto, few names carry as much weight as Solana (SOL). Currently ranked as the fifth most valuable cryptocurrency on CoinMarketCap (CMC), Solana is trading at $141.28.

Over the past day, it has shown a slight uptick, rising by 0.91%, despite having experienced a minor pullback recently. Solana’s resilience stands out as it continues to outperform many other altcoins, solidifying its strong position in the market.

Even with these fluctuations, it remains widely considered undervalued, with promising bullish momentum anticipated soon.

Solana (SOL) Price Analysis

Over the past week, Solana has demonstrated an impressive uptrend from the third to the seventh day. This stability, especially during broader market fluctuations, highlights the asset’s robust fundamentals and enduring popularity.

Notably, Solana’s recent peak reached around $151, showcasing its ability to capture investor interest even in challenging market conditions. With bullish sentiment still prevalent, many believe Solana is undervalued, suggesting a strong potential for future price increases.

In terms of trading volume, Solana is up by 14.6%, surging close to $1.9 billion, and ranks seventh among all cryptocurrencies, indicating a healthy level of trading activity that aligns well with its market ranking.

While the current figures may not scream immediate bullish momentum, the overall sentiment remains positive, creating an optimistic outlook for investors.

Looking into the technical analysis, starting from the three-day chart offers a broader perspective than the daily chart while remaining responsive to shorter-term movements. It reveals the formation of an ascending triangle, characterized by higher lows converging towards a horizontal resistance level.

Solana Price Analysis Graph

This pattern typically signals a potential breakout to the upside, indicating that bullish momentum could be on the horizon. The point of breakout appears to be around the current price levels, suggesting a possible long position for traders.

The next target for a potential long trade is projected to yield nearly a 10% return. However, it is essential to remain cautious, as Solana may face some resistance at this level.

Historical data suggests that price points near this resistance have previously resulted in pullbacks, making it likely for Solana to retest this level before initiating a more decisive upward move.

Moreover, Solana is still within a bull flag formation, another bullish pattern suggesting a continuation of the upward trend. The measured move from this pattern indicates a potential price increase of approximately 57%, which could propel Solana toward its all-time high of $277.

This potential rally would signify significant growth and present a compelling opportunity for investors looking to capitalize on the next phase of Solana’s trajectory.

If you’re looking for investment opportunities that could offer big returns and increase in value during the next bull run, check out our guide here for the best crypto presales of 2024.

Memebet Token: Low-Cap GambleFi Token with Massive Potential

While waiting for Solana’s potential breakout, there is another emerging project that could pique the interest of investors looking for passive income opportunities: Memebet Token.

Positioned as a new crypto betting platform similar to Stake.com, Memebet Token allows users to engage in betting with meme coins. Players can wager tokens like Dogecoin and Pepe on various casino games, including Blackjack and Roulette.

Memebet Token’s approach taps into the growing popularity of meme coins, creating a unique niche within the crypto gambling space. The project boasts solid utility and innovative tokenomics, making it an attractive option for investors.

Notably, Memebet Token is also introducing meme-themed loot boxes, further enhancing its appeal to a broad audience. Currently, the Memebet Token presale has successfully raised $433,000, indicating strong early interest.

This would reflect a remarkable 32x increase from the final presale price. You can explore what the future holds for Memebet with our $MEMEBET price predictions here.

Memebet Token Twitter Post

Source – Memebet Token Twitter

The presale stage is nearing its end, with only 2 hours remaining before the next price increase. This suggests that there’s a limited window of opportunity for potential investors to get involved.

To purchase Memebet Token, users can utilize either ETH or USDT. They should begin by loading their MetaMask or preferred wallet with ETH or USDT to swap for Memebet Tokens. Purchases made on the Ethereum network will be available in the wallet immediately.

Alternatively, $MEMEBET can be bought using BNB or POLY. These purchases are also accepted on the BNB Chain and Polygon networks, but the tokens will be disbursed at a later date.

For those who prefer using a bank card, purchases of $MEMEBET are also welcomed. However, tokens will be sent to an Ethereum wallet, so it is important to have one set up. Once $MEMEBET is acquired, the token address should be added to the wallet to view the tokens.

Users will be able to wager with $MEMEBET when Memebet Token launches, allowing them to earn airdrop points. For more information on how to buy Memebet tokens, potential investors can refer to our detailed guide.

Given the prevailing enthusiasm in the crypto community, particularly for meme-based projects, Memebet Token holds the potential for significant growth, with projections estimating possible returns ranging from 10x to 50x.

Memebet’s distinct gameplay mechanics, interactive features, and active community engagement set it apart as a noteworthy project in the cryptocurrency landscape, making it one to keep an eye on. To participate in the $MEMEBET token presale, go to memebettoken.com.

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The post Solana’s Potential Breakout May Trigger a Major Rally as This New GambleFi Casino on Telegram Raises $433K in Presale appeared first on ReadWrite.





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