Solana (SOL) fell to lows not seen since mid-April
As the #cryptocurrencymarket plummets, #raoulpal , the founder and CEO of Real Vision, has delivered an epic prediction for Solana ($SOL ), likening its potential growth to bananas that are "slowly ripening, but should be magnificent in the autumn."
Pal, in a recent tweet, shared his take on the recent Solana price action. "The bananas are slowly ripening...but should be magnificent in the autumn," he metaphorically stated, indicating his belief in a substantial future price upswing for SOL.
In light of the recent market downturn, Pal suggested that the current price drop might present a buying opportunity for those looking to increase their holdings of Solana. "If you wanted a cheeky top-up of your SOL position, this would likely be a good entry zone," he noted.
If you wanted a cheeky top-up of your SOL position, this would likely be a good entry zone... let see! The bananas are slowly ripening...but should be magnificent in the autumn. pic.twitter.com/lfQmiMgYuM
— Raoul Pal (@RaoulGMI) June 18, 2024
Solana prices fell further Tuesday, reaching intraday lows of $128, following a decline on Monday. At the time of writing, SOL was down 5.08% in the last 24 hours to $136 and down 11.46% in the previous week.
Despite the market's bearish trend, Pal's projection suggests that Solana could be poised for a significant rebound. Pal had earlier predicted the advent of "banana season" for Solana. Referring to his earlier statements, Pal stated: "I always said that its coming but we dont know when exactly as the sideways #consolidation needs to break first."
SOL price action
Crypto markets plunged into a sea of red on Monday, with several cryptocurrencies losing more than 10%. The falls continued into Tuesday's trading day, with the bulk of cryptocurrencies still trading in the red at press time. The cryptocurrency market capitalization has dropped to $2.34 trillion, a 2.08% decrease in the last 24 hours.
Solana fell to lows not seen since mid-April, momentarily falling below the crucial support of the daily SMA 200 at $130 before marginally rebounding.
In the event of further price declines, bears may target a drop to the critical support at $116. This level has previously provided solid support, and the bulls will attempt to defend it again.
On the other hand, if the price rebounds, a break above $157 or the daily SMA50 barrier might prompt SOL to escape range trading in the short term.
#AirdropGuide #BTC

Hey crypto fam! 🚀 As we sail through the crypto seas, we're currently riding the waves of a market consolidation. Let's dive into how we can navigate this mixed bag of a market with some savvy strategies.The Current SceneRight now, the crypto market is like a game of chess – a lot of strategic moves but not much action. Bitcoin's chillin' below $40K, while altcoins are playing a game of tug-of-war. Some, like Ethereum Classic ($ETC ), are showing an uptrend, predicted to rise in the coming days. 📈Spotlight on ETC and OthersETC's been a little star lately, gaining over 11% in the last month. Why? Maybe it's the tech, maybe it's market sentiment – but it's got traders' attention. Let's keep an eye on such altcoins that are defying the overall market vibes.Sideways Market StrategiesIn a market that's moving sideways, it's all about strategic plays. Think about:- Short-term trades based on technical analysis.- Setting tight stop-losses to minimize risks.- Looking for coins showing unusual activity – there might be opportunities there.Thinking Long-TermRemember, fam, Rome wasn't built in a day, and neither is a solid crypto portfolio. In times like these, think long-term:- Rebalance your portfolio if needed.- Research and invest in projects you believe have future potential.- Keep hodling if you believe in your coins' long-term value.Let's Hear It from YouWhat's your move in this market? 🤔 Are you spotting any altcoins that are looking promising? Drop your thoughts in the comments!Stay sharp, stay patient, and let's navigate these waters together. Until next time, keep your eyes on the horizon and your hands steady on the wheel! 🌊🛥️#consolidation #AltcoinOpportunity #LongTermGoals

As of the latest chart for $NOT we observed a minor pullback after reaching a high of 0.021000. The price has now corrected to 0.019173, marking a 55.69% increase for the day. Key indicators suggest potential next moves:
1. Volume and Volatility: The 24-hour volume has increased to 58.64 billion NOT and 918.23 million USDT, indicating heightened trading activity. Such volumes often lead to either a continuation of the trend or a significant reversal.
2. Moving Averages (MA): The price remains above the MA(7), MA(25), and MA(99), suggesting that the overall trend is still bullish. The current levels are MA(7) at 0.019243, MA(25) at 0.017614, and MA(99) at 0.014932. This alignment often supports a continuation of the upward trend.
3. RSI - Relative Strength Index: The RSI has decreased to 56.531, down from the previous overbought level above 90. This indicates that the market is cooling off from the intense buying pressure and might consolidate before making the next move.
4. Order Book Sentiment: The bid-to-ask ratio is heavily in favor of #buyers with 75.20% bids compared to 24.80% asks. This strong buying interest could support further price increases if sustained.
#Prediction
Given the recent pullback and current technical indicators, $NOT might experience a period of consolidation within the range of $0.018500 to $0.020000. If the buying pressure continues and the price sustains above the short-term moving averages, a retest of the $0.021000 level is likely. However, traders should be cautious of potential volatility and set appropriate stop-loss orders to manage risk.

In #summary while the #bullish trend remains intact, watch for #consolidation and potential volatility before the next upward move.