In September, Solana Breakpoint 2024 approaches, and the price is hovering at $140
In September, the SOL community will gather at Solana Breakpoint to talk about Web3 news and trends.
On September 20 and 21, 2024, the event will be held in Singapore.
With an early Saturday trading price of $136.05, Solana has lost almost 11% of its value during the last week.
Those who own Solana are getting ready for the Breakpoint Conference in Singapore on September 20 and 21. Because it unites the Solana chain's development community and web3 project members, SOL holders can't wait for the event.
Just before a major event, Solana is trading at about $140.
As of this writing (in the early hours of August 31), the price of Solana is $136.05. With a potential 5% loss, the smart contract network token might reach $130, a support level, and seize liquidity. To the altcoin, this is a crucial support level.
A set of red histogram bars appear under the neutral line in the Moving Average Convergence Divergence (MACD) indicator. Between $119.06 and $125.61, SOL's losses might reach the Fair Value Gap (FVG).
Solana might continue advances to $160 if a daily candlestick closes over major resistance at $148, which would disprove the bearish narrative. From a high of $210.18 on March 18 to a low of $110 on August 5, this is the 50% Fibonacci retracement level of the drop.
Many market watchers are banking on Solana Breakpoint 2024 to kick off the current upswing. We should predict a repeat of 2023's results, notwithstanding the possibility that the SOL chain, the meme currency engine, has lost steam. Meme coins may have topped the gains for the first half of 2024, but other industries have been doing better, and traders have probably been more wary because of the economy as a whole.
