Can Solana (SOL) Charge Back to $250 as This New Altcoin Attracts Investors?
The post Can Solana (SOL) Charge Back to $250 as This New Altcoin Attracts Investors? appeared on BitcoinEthereumNews.com. Solana (SOL) is at its make-or-break moment at $210, and investors are looking to see whether it will manage to break back into the $250 zone with the subdued sentiment of the market. While SOL has the entrenched ecosystem that will provide some comfort, attention is also being shifted towards low-priced, high-upside projects. Among such tokens is Mutuum Finance (MUTM),3 currently priced at a mere $0.035 in presale stage 6. Stage 6 itself is 50% sold out already. More than $16.3 million has been raised by the project, and more than 16,570 investors have been drawn in. Having a ready-made borrowing-and-lending DeFi protocol for use in real-world applications, Mutuum Finance is becoming a prospect for an outsized return project that is drawing investor interest over SOL’s gradual hikes. Solana Technical Outlook: Short-Term Bullish Bias Indicators Imply Potential Shift Towards $250 Solana (SOL) is showing cautiously optimistic indications on its 4-hour chart, as its Relative Strength Index (RSI) of 34 points out that it is near oversold levels, which in the past has been a precursor for solid bounces. The Moving Average Convergence Divergence (MACD) signals short-term bear dominance, but diminishing histogram bars are a sign that bearish momentum is losing steam. Support in the most critical area of $212 is close to the 50-day EMA, with breaking $225 possibly signaling the path to $240 and psychological $250 levels. Technical charts like Ichimoku Cloud and Bollinger Bands are indicating a keen price reversal in the near future, with analysts noting short-term 60/40 bullish bias and that SOL can ride Ethereum’s weekly advance to $250-$260, with volume supporting the breakout. Mutuum Finance Presale Momentum Mutuum Finance (MUTM) is soaring high in the sixth presale round with a new record of investor demand and milestone achievements. Having over 16,570 registered investors and over…
The post Can Solana (SOL) Charge Back to $250 as This New Altcoin Attracts Investors? appeared on BitcoinEthereumNews.com.
Solana (SOL) is at its make-or-break moment at $210, and investors are looking to see whether it will manage to break back into the $250 zone with the subdued sentiment of the market. While SOL has the entrenched ecosystem that will provide some comfort, attention is also being shifted towards low-priced, high-upside projects. Among such tokens is Mutuum Finance (MUTM),3 currently priced at a mere $0.035 in presale stage 6. Stage 6 itself is 50% sold out already. More than $16.3 million has been raised by the project, and more than 16,570 investors have been drawn in. Having a ready-made borrowing-and-lending DeFi protocol for use in real-world applications, Mutuum Finance is becoming a prospect for an outsized return project that is drawing investor interest over SOL’s gradual hikes. Solana Technical Outlook: Short-Term Bullish Bias Indicators Imply Potential Shift Towards $250 Solana (SOL) is showing cautiously optimistic indications on its 4-hour chart, as its Relative Strength Index (RSI) of 34 points out that it is near oversold levels, which in the past has been a precursor for solid bounces. The Moving Average Convergence Divergence (MACD) signals short-term bear dominance, but diminishing histogram bars are a sign that bearish momentum is losing steam. Support in the most critical area of $212 is close to the 50-day EMA, with breaking $225 possibly signaling the path to $240 and psychological $250 levels. Technical charts like Ichimoku Cloud and Bollinger Bands are indicating a keen price reversal in the near future, with analysts noting short-term 60/40 bullish bias and that SOL can ride Ethereum’s weekly advance to $250-$260, with volume supporting the breakout. Mutuum Finance Presale Momentum Mutuum Finance (MUTM) is soaring high in the sixth presale round with a new record of investor demand and milestone achievements. Having over 16,570 registered investors and over…
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