Recent trading history has indicated that Solana (SOL) faced stiff resistance at $177.38. Traders have been watching SOL’s technical indicators to determine whether prevailing market conditions are a buying or selling opportunity. In the last 24 hours, SOL’s price faced a series of price fluctuations triggering multiple technical indicators for traders.
Solana (SOL) Price Analysis of the Last 24 Hours
Sol started the session at a price of $167, with the MACD creating a golden cross, increasing the possibility of an uptrend. However, by 2:55 UTC, the RSI crossed into overbought levels, resulting in a minor pullback. At 3:20 UTC, SOL bottomed at $170.78 and recovered. Mid-session, an overbought condition at 4:15 UTC temporarily pushed the price higher before a death cross at 6:30 UTC indicated a fall.
A subsequent golden cross at 7:30 UTC triggered a recovery, putting SOL in a sideways trading range. Later in the session, an RSI overbought condition at 11:00 UTC triggered a dip, while a golden cross at 13:50 UTC pushed the price towards resistance at $176.65 before a death cross at 14:45 UTC triggered a steep fall.
Another golden cross at 16:10 UTC indicated bullish momentum, though the price was range-bound. Overall, on February 21, the session started with a fall—indicated by a death cross at 00:50 UTC followed by a recovery indicated by a golden cross at 1:45 UTC and support at $173 around 2:45 UTC.
Later, around about 8:30 UTC, SOL tested the resistance, reaching $177.38, a level that could indicate a possible breakout if maintained.
During Solana’s technical volatility, several upcoming crypto projects have taken the spotlight as alternatives. One of them is DexBoss (DEBO), a future-proof trading platform that is perfect for beginners and professionals alike.
DexBoss supports over 2,000 cryptocurrencies and processes orders in near-instant time, fiat on/off ramps, advanced trading charts, and high-leverage trading capabilities. The platform also offers liquidity farming and staking facilities with an easy interface and advanced trading tools.
During its presale, DexBoss has raised $588,853.4 of the $750,000 targeted (79% achieved) with the current price at $0.011 and an estimated listing price of $0.0505.
Another project, Aureal One ($DLUME), is a high-speed gaming blockchain that can process thousands of transactions per second with immediate finality. It hosts the DarkLume Metaverse and has a strategy game called Clash of Tiles, where game assets react to real price movements.
For Aureal One, presale details are that $3,248,237.5 has been raised out of a target of $4,500,000, the current price is $0.0013, an estimated listing price is $0.005, and an estimated next price increase is 15.4%.
Solaxy (SOLX) is a cutting-edge Layer 2 solution on the Solana blockchain, enhancing scalability and reliability by removing network congestion and failed transactions. As the native token fueling the ecosystem, SOLX facilitates transactions, governance, and overall growth.
So far, during its presale, Solaxy has raised $22,713,379.79 out of $22,846,512, with its current price at $0.001642 and an estimated listing price of $0.00169000. The fourth project, MEMEX (Meme Index), offers thoughtful indexes Titan, Moonshot, MidCap, and Frenzy that allow investors to manage their exposure in the meme coin market.
It is a decentralized platform offering community governance along with diversified exposure to meme coins. MEMEX has raised $3,798,559.44 of $4,238,467 in presale, and the price is at $0.0163585.
In the short term, Solana’s fate is by no means certain with the price breaking above the resistance level of $177.38 for a bull breakout or being rejected at $176.65, which could see it returned to the $173 support level.
DexBoss, Aureal One, Solaxy, and Meme Index. All these projects have something unique about them and presale figures that provide alternative scenarios in the fluid environment of crypto.
