Solana Price dropped by 6% in a week while investors turn to this L2 ICO

Solana’s price is down more than 6% over the weekly time after a drop of 1% 24 hours a day, $ 200.96 to 10:43 p.m. is that investors reduce their exposure to Altcoin.

Despite the drop in soil prices in the last 7 days, the positive monthly performance of the crypto remains intact. Altcoin is greater than 7% in green over the longer term time.

Solana Price trying to escape a negative channel

Daily table for floor / USD (source: geckoterminal)

THE Solara The price tries to deviate above a medium-term descending channel which has formed on its graphics in the past two weeks, GOCKOTERMAL DATA shows. If the crypto rises above the upper limit of this negative beach, it could try to return the resistance to $ 223.34 before soaring resistance to $ 260.22.

However, not to escape over the negative channel in the next 8 hours could invalidate the increased thesis. In this more lower scenario, Solana’s price could continue to negotiate in the negative channel. This could lead to an immediate support test at $ 194.53. Continuous sales pressure can even lead to a drop to $ 162.27.

Solana Price could start rallying if the bulls come soon

From a technical point of view, it seems that the Solana price is about to enter a rally. The divergence of mobile average convergence (MacD) and the indicators of the relative resistance index (RSI) on the daily graph show the first bull signs.

In the past hours, the MacD line has started to climb to the MacD signal line. The narrowing gap between these two technical indicators could suggest that the negative soil trend is approaching its end. If the MacD line crosses the MacD signal line, this could indicate that Sol has entered a new positive cycle. This could then lead to a rally.

Meanwhile, the RSI line on the daily graphic has started to level around 43. Current reading under the neutral brand 50 could indicate that the Bears are currently having the upper hand. However, the leveling of the technical indicator has opened the possibility for bulls to intervene and regain control of the Solara Price if they choose to capitalize on the opportunity.

While Solana’s price is trying to get out of a negative channel, investors flock to the presale for a new piece of memes of layer 2 SOLAXY (Solx)who invoices for the milestone of $ 20 million. 99Bitcoins, a popular crypto chain on YouTube with more than 724K subscribers, estimates that Solx could increase 100x after its launch.

Raise the Solana blockchain at the next level

Solana has undergone huge stress of calculation due to the media threw in progress around the rooms even based on the floor. While new tokens enter the Solana ecosystem daily, the Mainnet Layer-1 faces the growing risk of another failure.

In addition, discussions on a currency supercycle of memes 2025 make the circles on the market. If this planned event occurred, the increase in traffic could lead to a massive backlog on the Solana channel.

This is where Solaxy, the first layer 2 project focused on Solana, comes into play. Thanks to its native side and layer 2 -layer technology, the project aims to provide Solana the resources of Calculation necessary to cope with the constant influx of new tokens.

Solaxy will increase Solana’s transaction flow by treating transactions outside the maint of Maint, by bringing them together, then returning them to layer 1 for final validation and the holding of files. In addition to increasing Solana’s transaction flow, this approach will also increase the speeds of the Solana network as well as to reduce the already low costs of the blockchain.

Solaxy will also try to fill the Solana and Ethereum networks to create a new web3 infrastructure which is capable of meeting the growing needs of application developers and parts even decentralized.

Solaxy collects more than $ 19.5 million in progress in progress

Investors are betting big on the future of Solx, which is obvious by more than $ 19.5 million in funding at the start of the stadium that the project has raised so far. With the bullish predictions of experts like 99Bitcoins and the project mission to evolve Solana, it is easy to see why there is a purchasing frenzy around the crypto at this early stage.

To get to the project’s floor level, investors can buy Solx using the simple widget integrated on the project website. Selling $ 0.00163, the Altcoin can be purchased with a crypto or a bank card. After having acquired Solx, investors can also pay their chips for a 210% APY for anyone lock Solx during this ICO phase.

Buy Solx here before an increase in presale prices in 3 hours to lock the best offer.

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