The Solana Price Hits Another High with New Phone Launch
The Solana price has surged 5.5% in the last 24 hours to trade at $114.11 as of 5:19 a.m. EST on trading volume that rose 89% to $2.9 billion.
The uptick is attributed to the launch of the second Solana phone which already has 100,000 pre-orders compared to the first phone which took nearly a year to reach 20,000 units
The Solana Price Sets to Start the Bull Rally
Solana’s price is forming an ascending triangle pattern showing signs of rise with support found at $82 and the price crossing the upper boundary, confirming the significant support level.
SOL is trading on the rise of both the 50-day and 200-day Simple Moving Averages (SMA) that confirms the bull rally.
The bulls are foreseeing the price to be $140 while the bears could apply reverse pressure, forcing the bulls to a critical support at $80.
Green Crypto Project Project eTukTuk Nears $1 Million Target In New Crypto ICO
The eTukTuk (TUK) presale has already raised $977,982 and is inspiring confidence to move closer to its target of $1 million. The eTukTuk project plans to revolutionize the transportation sector in developing countries, particularly in Sri Lanka.
The platform allows you to stake your $TUK tokens for an annual reward of 226% Annual Percentage Yield (APY) and offers a play-to-earn game that will launch soon.
Hot Take
The future of the Solana price remains promising, driven by the growing demand for its products and the bearish signals confirming the upward surge. Additionally, new crypto projects like eTukTuk are also contributing to the highly competitive crypto space, showing promising signs for the global crypto sector.
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