Crypto Price Prediction: Toncoin, Solana, Solciety (SLCTY)
Cryptocurrencies had a relatively strong performance as Bitcoin returned to $60,000. Toncoin was trading at $7.23, a few points below its high this year, while Solana rose to $146 from a low of $121 this month.
These coins are compounded by the effects of investors buying dips and the ongoing liquidation of the wallets of the German government and Matt Gox. They also recovered after the US released an encouraging inflation report showing that consumer prices are slowing.
Another positive event that happened was Solcity, the upcoming Solana meme coin that raised over $863k from investors in less than two weeks. You can buy SLCTY token here.
Solana price forecast
Solana's price dropped to $122.10, the lowest it has been since May of this year. It then bounced back and was trading at $140 on Thursday evening.
On the daily chart, the token has formed a double bottom pattern with the neckline at $188.73. In price action analysis, the double bottom is one of the most massive chart patterns.
The necklace has a small double bottom pattern for $154. At the same time, the token found significant support at the 200-day Exponential Moving Average (EMA), a popular bullish sign.
The MACD and Relative Strength Index (RSI) indicators have also formed bullish divergence patterns. Therefore, the assumption is that Solana will continue its bullish trend in the near term.
If this happens, the next key level to watch will be the key resistance point at $155. A break above that level will rise to the next psychological point at $160.
Token price forecast
Toncoin is one of the top performing cryptocurrencies this year as the Ton ecosystem continues to perform well. Last Friday, the price of $TON fell to $6.36 as other cryptocurrencies fell. That was an important step because it connected to the lower side of the upstream channel.
There are signs that the price of a tonne may soon collapse. It has formed a rising wedge pattern, a popular bearish signal. Contrary to Solana, MACD and Relative Strength Index (RSI) have formed a bearish divergence pattern.
Therefore, as the rising wedge approaches the intersection level, the $TON token is likely to bear down in the coming weeks.
Community analysis
Unlike Toncoin and Solana, Solcity is not yet publicly traded. Rather, it is a politically neutral cryptocurrency currently in its pre-sale phase. The sale, which started at the beginning of this month, has paid more than 870 thousand dollars and the trend is increasing.
Solcity aims to be at the intersection of non-perishable tokens (NFT), meme culture and Solana meme coins. Recently, the Solana ecosystem has developed some high-profile coins such as Book of Meme (BOME) and Dogwhiphat.
It also aims to be the best political meme coins in the industry. Unlike Donald Trump and Joe Boden, Solcity will not be affiliated with either political establishment. As US elections approach, people who support either candidate will feel comfortable investing in the SLCTY token.
Solcity's key feature is its meme generator feature, where users can create political memes with over 200 attributes, backgrounds, and fonts. Users can earn some money in SLCTY tokens by creating and sharing these mime coins.
As the network grows, the developers will introduce augmented reality features to help users get a better look at their meme coins. You can read more about Solcity and Tokenomics here.
