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HomeCrypto NewsMarketExpert Urges Caution: Will $140 Support Drive SOL To $200 Or To $100?

Expert Urges Caution: Will $140 Support Drive SOL To $200 Or To $100?

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As many holders have come to realize, Solana (SOL) is at a pivotal moment. It is now trading around the $140 support level. This is big since the coin’s next move could lead to a rise towards $200 or a drop to $100. The formation of a bullish flag pattern suggests potential, but bearish risks are still significant.

This text can be valuable not only for Solana (SOL) holders, but also for those looking for more diversification and stability opportunities.

Solana (SOL) Network Surge: Will Increased Activity Propel It Higher or Present a Buy-the-Dip Opportunity?

There has been 151% more activity on the Solana (SOL) network. This has caused its price to rise between $143.07 and $149.55. Despite this leap, Solana (SOL) struggles to regain the $155 mark. The 10-day moving average is at $147.17 and the 100-day moving average at $155.09. Market sentiment is mixed, with some experts noting that the $130 support level could act as a critical floor if the upward trend falters.

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Mario Solana Tweet
Mario Solana Tweet

The price of Solana (SOL) faces big problems at resistance levels of $203.39 and $234.92. The Relative Strength Index (RSI) of 44.79 shows that the coin is neither overbought nor oversold. That means it could move either way.

SOL USD Trading View
SOL USD Trading View

In the coming days, Solana (SOL) ability to maintain current levels will be crucial. Boosted network activity might help it break through resistance and target higher prices. Conversely, a dip towards $130 could provide a buying opportunity for those looking to enter at a lower cost. With strong network fundamentals and rising activity, any pullback might offer a chance to jump in before a potential rally. Those interested should monitor these key levels and indicators closely to gauge Solana (SOL) short-term price trajectory.

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Minotaurus (MTAUR): 74% Off Beats Solana’s Potential Decline

In case Solana (SOL) drops from its current price of $144.84 to $130, it would represent a 10.3% decline. In contrast, Minotaurus (MTAUR) is priced at $0.000053 per token in its presale, with a projected listing price of $0.0002. This equates to a nearly 400% surge. Even if Solana (SOL) dips, the substantial potential upside from Minotaurus (MTAUR) could offset any negatives for your portfolio. Being a potentially more stable alternative in this period of volatility is a huge selling point for this project.

Minotaurus And Bulls
Minotaurus And Bulls

Minotaurus (MTAUR) is already revolutionizing several niches and generating buzz by blending gaming with blockchain technology. With engaging hybrid casual gameplay, Minotaurus (MTAUR) enters a fast-growing niche and offers tokens at almost 74% off.

The project features multi-layered incentives, including referral bonuses and vesting perks. Backed by solid tokenomics, verified smart contract safety, and AI-driven in-game utility, Minotaurus (MTAUR) ensures a secure and immersive experience. Supported by an experienced team and a clear roadmap, it also presents a promising opportunity for crypto enthusiasts to explore the impressive potential of both gaming and blockchain.

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Conclusion

This is a critical moment for SOL as we discuss its possible future and current volatility. For those seeking stability and substantial growth potential, MATUR offers a compelling alternative now more than ever. With a presale price at 74% off, it could significantly strengthen your portfolio amidst SOL uncertainties.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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