Solana forecast: Mega crash at SOL? This support decides

The broad market has fallen by around 2.5 percent in the last 24 hours. Bitcoin and Ethereum are trending around 4 percent lower, and in line with this, Solana also saw a price decline of around 4 percent.

Solana is now trading at around 127 US dollars, which is a critical price zone. The question here is whether SOL is now in for a mega-crash or whether an entry at the current support level could be attractive.

Solana (SOL) remains in market rank 5, with a current valuation of around 60 billion US dollars. In terms of market capitalization, the current consolidation actually seems promising. After a new ATH in terms of valuation, SOL is currently at the important support here too.

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Solana Outlook: This is what matters now

Meanwhile, analyst Ali Martinez predicts that Solana has been consolidating in a parallel price channel since April. The TD Sequential, a technical indicator, has given a buy signal on the daily chart. This means that Solana's price could bounce off the lower boundary of the channel.

The potential targets are $154 or $187. However, if Solana breaks below the channel's boundary at $126, it could trigger a larger correction that could take the price down to $110 or even $90. This makes the next move crucial for future price development.

If Solana stabilizes above 126 US dollars, it could be worth getting in. The important support near the current price also makes it possible to set a stop-loss order with tight hedging.

Successfully staking meme coins: This is what lies behind Crypto All-Stars

Meanwhile, risk-averse investors continue to look for new coins and smaller-cap cryptocurrencies. If these show relative strength in the weak overall market and attract capital, an exciting opportunity could arise.

The new crypto project Crypto All-Stars has raised over a million US dollars in its pre-sale within a very short period of time. While many established cryptocurrencies such as Solana are currently suffering losses and a decision is looming in technical price zones, Crypto All-Stars seems to be targeting a new niche. The reason for this success lies primarily in the staking concept, which is strongly focused on meme coins. With the so-called MemeVault, the project has created a staking ecosystem that stands out clearly from conventional platforms.

To the Crypto All-Stars Presale

Photo: Clickout Media

The MemeVault provides a centralized place to stake meme coins from different blockchains, which greatly simplifies the process for users. While many traditional platforms are limited to individual tokens and specific blockchain networks, MemeVault integrates various blockchains such as Ethereum, Solana, and the Binance Smart Chain. This offers users a wide range of options to profitably stake their meme coins.

A central component of the Crypto All-Stars ecosystem is the $STARS token, which is issued as a reward for staking meme coins. Holders can earn $STARS by staking meme coins such as Dogecoin, Shiba Inu and Pepe Coin. At the start of the project, eleven different meme coins are available for staking.

Crypto All-Stars attaches great importance to the introduction of a comprehensive staking protocol. The current staking yield of around 1400 percent is particularly attractive. The price of the STARS token is rising continuously, and the next price increase is due in around 48 hours. Interested investors can purchase STARS with ETH, BNB or credit card.

To the Crypto All-Stars Presale

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