Crypto price prediction: Solana, Poodlena, Bitcoin
SOL is one of those well-received properties, but it's not out of the woods yet.
With 10 days left in the presale, POODL has raised over $5 million.
Bitcoin seems set for a dead cat ball.
As the markets calmed down, Solana emerged as one of the top crypto gainers in Tuesday's session. Meanwhile, one of the meme coins under the Solana network. As a shopkeeperIt raised more than $5 million 10 days before the end of the presale. With its viral traction, meme coins offer a kind of opportunity for lovers to earn high returns with modest investments.
SOL is not out of the woods yet.
Solana, the fifth largest cryptocurrency, extended its gains on Tuesday after the huge bearish wave that swept the markets at the beginning of the week. After falling to a five-month low of $110.47 on Sunday, it rose above the $150 mark on Tuesday.
At the time of writing, it was trading at $152.12; This equates to an increase of 9.15% in 24 hours. Similarly, the market size and volume were $70.9 billion and $5.5 billion respectively.
The nearly 40% gain recorded in the last two days comes amid discussions about the SOL ETF (Exchange Traded Fund). Of course, the natural rebound phenomenon in the markets also contributed to the rally.
Regarding the SOL ETF, there are high hopes that it will become the 3rd most popular token for investors after BTC and ETH.
Looking at the table below, SOL is not out of the woods yet. On the one hand, it formed a bullish hammer candlestick on Sunday. However, it is still trading below the 20 and 50-day EMA.
As the markets stabilize, the 140 range could be a permanent support level in the coming sessions. However, it may face significant resistance around 159.47. Therefore, crypto can remain in the mentioned range in the short term. Success in breaking that barrier would see the Bulls next level at 170.05 defense.
Pudlana has passed the $5 million mark with just 10 more days to go
Increased interest in the SOL blockchain has led to huge gains for meme coins in the network, with HahaYes, Ginnan The Cat and YAWN increasing by 225.4%, 117.9% and 170.2% respectively in the last 24 hours.
There are these meme coins, then there is Pudlana, the “Hermes of crypto”. POODLE It has attracted the attention of the fashion-savvy crowd and the ever-growing crypto-enthusiasts. Given that the two industries are huge sectors that are expected to continue to grow, the poodle-themed meme coin could be Solana's biggest listing yet.
Currently, Shiba Inu and Dogecoin are the dominant dogs in the crypto market. However, Poodle's love for crypto and fashion-centric Poodle puts POODL on the right path to dominance.
Pre-sale starts on 17Th In July, this much talked about coin raised $5.50 million. Rumor has it that it raised more than $3 million within 10 days of the pre-sale. The one-month pre-sale ends on the 16thTh August.
According to the project's website, the current price is $0.0458 and is expected to rise to $0.0499 in the next phase. At a listed price of $0.060, there is a huge opportunity for investors to make big money after going live on the trading market.
Indeed, the MemCoin market has great potential for returns despite the associated risks. Depending on its viral traction, a modest investment in POODL can yield huge returns.
Bitcoin may be in a dead cat slump.
BTC dropped below the $50,000 psychological level on 5Th August for the first time from 14Th February. Although it has recovered some of its losses since then, it does not have enough momentum to break the previous support zone of $57,500.
Looking at the technique, a dead cat shows the possibility of lightning. With an RSI of 33, it may generate temporary gains before a downtrend begins.
As the markets stabilize, it may gather enough momentum to cross the $60,000 mark. However, to reverse the current downtrend, it needs to break above the 50-day EMA at $62,880.
