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The price of Solana has decreased more than 2 % over the past 24 hours for trading at $ 196.35, starting from 9:54 pm EST, as investors reduce their exposure to billions.
The decrease in the Sol price comes even after the asset manager Franklin Templeton recorded a box in Dilayer associated with the proposed Solana ETF (trading box for exchange). This indicates that he may soon look forward to launching the fund in the United States.
The price of Solana rest for support
Daily chart for Sol/USD (Source: Geckoterminal)
the Solana The price is based on subsidies at $ 195.19, Geckoterminal data He appears. If Altcoin decreases without this technical safety network during the next eight hours, it may be risked by completing the subsequent support at $ 161.77.
On the other hand, traders who specify the current Sol price as the opportunity to purchase can lead to a recovery. In this alternative case, the Solana price may try to turn the resistance level at $ 221.69 to support. The daily candle that closes over this barrier can lead to a height of $ 259.72 in the short term.
Technicians suggest that the price of Solana may rise soon
From a technical point of view, indicators indicate the daily chart of SOLX that encryption may start to climb soon.
The main bullish artistic science is about to be due to the divergence of the MacD, as the MACD line rises towards the MACD signal line. If Macd crosses the signal line within the next 24 hours, this may explain this as a sign that Solana The price entered a new positive direction.
Meanwhile, the RSI is hovering in the lowest 1940s. Although the current reading below for a 50 neutral brand indicates that sellers have the upper hand, it also indicates that Sol oud capabilities are greater than their negative potential.
Traders may act on the signal made by RSI and start moving forward in Sol if there is a bullish confirmation. They may wait for the MacD to cross over the MACD signal line.
While Sol tries to recover, investors continue to pour capital into the Solana Layer-2 project Solaxy (Solx). According to 99bitcoins, a famous YouTube encryption channel with more than 724 km, can rise Solx 100x after its launch.
The first Layer-2 project for Solana Mainnet
Solana under mathematical pressure and her infrastructure test is conducted by the noise around the Sol -based Mimi currencies. As these symbols continuing to rise, Solana Mainnet stands at the risk of another interruption if nothing changes soon.
This is the place where Solaxy focuses, the first Layer-2 scaling project on the Solana network. With the original Sidechain, Solaxy aims to reduce the work burden of transactions on Solana Layer-1.
The project achieves this by processing Solana transactions from the main series on the original Layer-2 network, collecting transactions, then sending them to Solana Layer-1 to check. This approach increases the productivity of Solana Blockchain, then increases speed while lowering network transactions.
Another way will Solaxy expand the Solana range by blocking it with Ethereum. By combining two of the most prominent Blockchains in the encryption space, Solaxy will open a super web3 environmental system capable of meeting the increasing demands of decentralized developers and Meme currency developers.
Solaxy Pressale heads $ 20 million
Solaxy has achieved great success with investors in the early stage, as it is clear by more than $ 19.8 million that the project has collected through its ongoing continuous so far. This purchasing frenzy in APY will probably continue 206 % on anyone who buys and risks SOLX during this ICO stage.
To enter these rewards, investors first need to buy the distinctive symbol through the simple purchase interface element included on the project site. Selling of $ 0.001632, Solx can be purchased with both Crypto and Bank Card.
After obtaining the distinctive SOLX, investors will then need to move to the Stokeing page on the website and lock the distinctive symbols to cancel the access to high encryption bonuses.
Buy and share Solx here before raising the next primer in 28 hours.
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