2024

Solana

Million

Coin

The Solana price dropped 3% in the last 24 hours <a href="https://www.geckoterminal.com/solana/pools/2QdhepnKRTLjjSqPL1PtKNwqrUkoLee5Gqs8bvZhRdMv">to trade at $144.78</a> as of 04:22 a.m. EST on trading volume that plunged 19% to $2.5 billion. 
This comes as Solayer raised $12 million in a funding round led by Polychain Capital to advance its integrated re-staking network on the Solana blockchain. 
The initiative aims to address Solana’s scalability and transaction inclusion challenges by leveraging a novel approach to staking and network bandwidth optimization. 
<h2 id="solana-price-on-a-bearish-trend-possible-rebound">Solana Price On A Bearish Trend – Possible Rebound?</h2> 
Since mid-August, the <a href="https://insidebitcoins.com/news/top-crypto-to-invest-in-right-now-august-25-solana-core-fetch-ai">Solana</a> price has been in a consolidation phase, as SOL traded within the $148.61 resistance and the $137.42 support level, according to data from <a href="https://www.geckoterminal.com/solana/pools/2QdhepnKRTLjjSqPL1PtKNwqrUkoLee5Gqs8bvZhRdMv">GeckoTerminal</a>. The bulls were able to break out above the sideways pattern to the $162 resistance before retracing back to the $143 support. 
SOL then formed a rounding top pattern, as ]bears exerted more pressure on the price. 
The price of Solana now trades below both the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart, affirming the bearish trend. 
Moreover, the Relative Strength Index (RSI) is plunging towards the 30-oversold region, a signal that the Solana price is under intense selling pressure. 
If the selling pressure continues, the price of Solana could drop back to the next support level at around $130. 
<figure id="attachment_570330" aria-describedby="caption-attachment-570330" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-full wp-image-570330" src="https://insidebitcoins.com/wp-content/uploads/2024/08/Raydium-CLMM_GeckoTerminal.com_SOL_2024-08-29_11-22-25-1.png" alt="Solana Price Chart Analysis Source: GeckoTerminal.com" width="1254" height="508" srcset="https://insidebitcoins.com/wp-content/uploads/2024/08/Raydium-CLMM_GeckoTerminal.com_SOL_2024-08-29_11-22-25-1.png 1254w, https://insidebitcoins.com/wp-content/uploads/2024/08/Raydium-CLMM_GeckoTerminal.com_SOL_2024-08-29_11-22-25-1-300x122.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/08/Raydium-CLMM_GeckoTerminal.com_SOL_2024-08-29_11-22-25-1-1024x415.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/08/Raydium-CLMM_GeckoTerminal.com_SOL_2024-08-29_11-22-25-1-768x311.png 768w" sizes="(max-width: 1254px) 100vw, 1254px">
 <figcaption id="caption-attachment-570330" class="wp-caption-text">
 Solana Price Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure> 
With the RSI now showing that Solana is currently undervalued, it may be a buying signal for bulls to add to their positions. If this leads to a rebound at this level, bulls might propel SOL to $160. 
Meanwhile, <a href="https://insidebitcoins.com/visit/shibashootout" rel="nofollow">Shiba Shooutout (SHIBASHOOT)</a> is proving to be a worthy alternative, having raised over $1.05 million through its presale. 
Popular YouTube channel 99Bitcoins, with over 706K subscribers, believes that SHIBASHOOT might be the next big thing. 
<iframe title="Shiba Inu Holders Need to Watch This!!! Shiba Inu Meme Coin With 100X Potential!" width="640" height="360" src="https://www.youtube.com/embed/fdb7JC8n81c?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
<h2 id="shiba-shootout-presale-blasts-past-1-05-million-closing-in-on-the-1-7-million-mark">Shiba Shootout Presale Blasts Past $1.05 Million, Closing In On The $1.7 Million Mark</h2> 
Shiba Shootout is a unique meme coin project that transports its community to a Wild West-inspired digital frontier. 
The project goes beyond the conventional limits of meme coins, taking the holder on a captivating adventure filled with creativity, strategic gameplay, and the allure of a cowboy’s high-stakes showdown. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Master <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> strategy with <a href="https://twitter.com/hashtag/Shiba?src=hash&amp;ref_src=twsrc%5Etfw">#Shiba</a> cowboys in thrilling duels for big rewards! 🌟 Join the adventure! 
 Sign up now to get your free $SHIBASHOOT tokens! 
 Jump in the fun! 🚀 <a href="https://t.co/jCeu7XMBqR">https://t.co/jCeu7XMBqR</a> <a href="https://t.co/YjlGaaluBT">pic.twitter.com/YjlGaaluBT</a> 
 — shibashootout (@shibashootout) <a href="https://twitter.com/shibashootout/status/1806634436852597038?ref_src=twsrc%5Etfw">June 28, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
The game is built around the town of Shiba Gulch, a bustling digital settlement that is a favorite with Shiba lovers who come together to challenge each other. 
It also features a play-to-earn (P2E) game already approved by Google Play and the Apple App Store, allowing players to earn its SHIBASHOOT tokens. 
Apart from P2E crypto gaming in Shiba Gulch, SHIBASHOOT holders can also easily earn passively through the platform’s staking mechanism, which offers 895% annual rewards. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Step 1: How to become a millionaire 💸💡 Step 2: Buy $SHIBASHOOT 🚀📈<a href="https://twitter.com/hashtag/Shibashoot?src=hash&amp;ref_src=twsrc%5Etfw">#Shibashoot</a> <a href="https://twitter.com/hashtag/Shibashootout?src=hash&amp;ref_src=twsrc%5Etfw">#Shibashootout</a> <a href="https://twitter.com/hashtag/Memecoins?src=hash&amp;ref_src=twsrc%5Etfw">#Memecoins</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://t.co/C1SSZU2WKJ">pic.twitter.com/C1SSZU2WKJ</a> 
 — shibashootout (@shibashootout) <a href="https://twitter.com/shibashootout/status/1818955700627726470?ref_src=twsrc%5Etfw">August 1, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
If you are interested in participating in the presale, you can buy the token for $0.02. However, you might want to hurry, as the token’s price will increase in less than four days. 
<a href="https://insidebitcoins.com/visit/shibashootout" rel="nofollow">You can buy SHIBASHOOT tokens on the official website here using ETH, BNB, USDT, or a bank card.</a> 
<h3 id="related-news">Related News</h3> 
<ul> 
 <li style="font-weight: 400"><a href="https://www.linkedin.com/pulse/best-altcoins-invest-unveiling-top-picks-maximum-returns-calsona-9ceye">Best Altcoins to Invest In: Unveiling Top Picks for Maximum Returns!</a></li> 
 <li style="font-weight: 400"><a href="https://www.linkedin.com/pulse/best-meme-coins-invest-top-picks-exponential-gains-calsona-iorle">Best Meme Coins to Invest in: Top Picks for Exponential Gains! 🚀</a></li> 
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/buy-cryptocurrency/best-crypto-presales/">Best Crypto Presales to Invest in Now for 10x Gains in 2024</a></li> 
</ul>

Solana Price Dips 3% As Solayer Raises $12 Million And Investors Flock To This SHIB Derivative For Its 895%

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