Solana Price Prediction – On-Chain Data Shows Whales are Buying Up SOL Again: When is New All-Time High Coming? | USAEMALL.com

The Solana price has dipped to $143.55 this morning, marking a 1.5% loss in 24 hours and an 18% decline in the last 30 days.

Its fall today comes as the crypto market also dips by 1.5%, with buying pressure easing off after the recoveries of the past couple of days.

SOL remains up by around 5% in a year, yet signs are emerging of increased institutional interest in the token, while transfer data also shows that whales are stocking up again.

Combined with Solana’s enviable fundamentals, such movements points to an incoming breakout, and to a hugely positive long-term SOL price prediction.

Solana Price Prediction – On-Chain Data Shows Whales are Buying Up SOL Again: When is New All-Time High Coming?

On the one hand, Solana has witnessed some huge transfers in the past day or so, with the last 24 hours seeing three big moves, each involving 3 million SOL to and from unknown wallets.

These transfers could be a prelude to a big move, and what leans things in a positive direction is the fact that Solana’s smart money index looks has bottomed out in recent days and looks ready to rise again.

If we look at SOL’s SMI (red, green) in the chart below, we see that it’s in a weak position, much like the RSI (purple) and moving average convergence divergence (orange, blue).

What this tells us is that, currently, smart money is still selling more than buying, yet because the indicator has bottomed out, we can expect things to change very soon.

In fact, we can already see that there has been a slight lift in the SMI in the past couple of days, with the index rising from 120 on June 21 (Saturday) to 130 today.

In other words, smart money is buying more now than it was over the weekend, and when combined with an oversold RSI and MACD, this suggests that the Solana price could begin rising again very soon.

This view also finds support from the resistance (red) and support (green) levels, which are converging on each other and preparing the token for a big move.

Assuming that neither Israel nor Iran provides any other bad surprises in the near future, such a move is likely to be upwards.

The Solana price could therefore hit $200 by the end of July, and $500 by the end of the year.

Solaxy Consolidates After Big Post-Listing Rally: More Rallies Coming Soon?

Solana continues to be one of the strongest major cryptocurrencies in the market, and a big reason for this is that it boasts a large and expanding ecosystem of tokens and projects.

One of the newest and most interesting of these is Solaxy (SOLX), a layer-two network that recently closed its presale, raising over $58 million.

SOLX listed earlier this week, rising to hit a record high of $0.001284 on Tuesday, which represents a 108% increase from its lowest-recorded price (as per CoinGecko).

The new token is currently up by 1% in the past 24 hours, having consolidated at the $0.0008752 level, and it continues to attract new buyers.

There are plenty of reasons to get excited about Solaxy, with its platform serving as an L2 for Solana.

This means it provides Solana users with lower fees and faster confirmation times, while also helping them to avoid the delays and congestion that can affect Solana during peak traffic.

Promisingly, Solaxy is preparing to launch Igniter, its very token launchpad, enabling users to mint and issue their own Solana-based coins.

A decentralized exchange is also on the way, and when combined with Igniter, it promises to transform Solaxy into an important hub for trading and meme tokens.

Now that the token has launched, investors can now find SOLX on either Raydium or Uniswap.

They can also visit the official Solaxy website for further information.

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