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Solana’s price has decreased by 7 % over the past 24 hours of trading at $ 160.89, starting from 02:25 am US EST in the trading volume, which rose 60 % to $ 3.2 billion.
This decrease in the Sol price comes after Zachxbt revealed that a specific entity was laundering money for Beit penetration Incident by issuing and trading coins on pump.fun.
On February 22, the attacker received $ 1.08 million from the BYBIT penetration to 0x363908df2b0890e7e5c1E403935133094287d7d1 that USDC to Solana, “Zachxbt wrote on February 23.
According to Wu Blockchain, BYBIT, which was identified by the title 5stkqy … 95T7CQ, transferred 60 Sol to 9Gu8V6 … aadqws. Then this second title launched a symbol called Qinshihuang (500000), which was circulated more than $ 26 million.
Bybit Exploiter is laundering the money by issuing meme features on the fun of the pump. Bybit EVERS: 5stkqy … 95T7CQ Transfer 60 Sol to 9Gu8V6 … AadQWs, who then launched a symbol called Qinshihuang (500000), which was circulated with more than 26 million dollars. https://t.co/myhinw4v3z
– Wu Blockchain (Wublockchain) February 23, 2025
Solana Price Land – a possible reflection or further decline?
the Soul price It was recently in Correction A stage after strong difficulties. Based on the visible Elliott wave structure in the scheme, Sol appears to complete the fourth wave of the five -wave motivation pattern.
The Solana price is currently testing a decisive support area ranging between 150 and 160 dollars, as previously stable corrections, according to data from Geckoterminal.
The support area is compatible with the simple moving average for 200 days (SMA), which enhances a potentially bacterial possibility. In addition, the model indicates a possible escalatory movement 5 if support continues. Moreover, SMA for 50 days, currently at $ 207.53, is much higher than the Solana price, indicates that the last contraction has decreased to less than short -term support.
The RSI is in 31.10, approaching the excessive sale area (less than 30), which precedes the reflection. However, RSI alone does not confirm an apostasy, but it indicates that the declining momentum may lose strength.
Predicting Sol Price
If the Sol price maintains support between 150 and 160 dollars, it can start collecting a 5 wave, targeting 250 to 275 dollars in the coming weeks. Restore from SMA for 200 days ($ 184.37) as support will be a strong upward assurance.
On the contrary, if the support fails, the Solana price may decrease more, and may test $ 130 or less before finding a new demand.
Meanwhile, investors buy a new Solana Mimi currency called Solaxy (Solx)Which says the famous YouTube channel 99bitcoins, which includes more than 725 thousand subscribers, has the ability to rise 100x after its launch.
Solaxy Pressale raises more than $ 23.2 million – the next Crypto 100x?
Solana is famous for its high -cost and low -cost transactions, which has led to a huge group of Meme coins over the past few years.
Because of this traction, Solana is often subjected to power outages and failed transactions, and the latest in the launch of Trump and Melania last month. These problems are a great headache for Defi users, NFT lovers, and Meme Coin.
Solaxy Crypto project is a Layer-2 scaling solution developed for Solana Blockchain. It aims to enhance decentralized applications (DAPS), reduce transactions speeds, inclined network costs, and improve expansion. Solx is the essence of the ecosystem.
🚨 Sloalai now lives in the upcoming symbols! 🚨Solaxytoken It gives owners the opportunity to join the first Blockchain Solana Layer 2.
Solaxy is set to enhance Blockchain innovation by reducing congestion, reducing failed transactions, and improving the expansion of Sol. … pic.twitter.com/satnf6zfnf
– Best Wallet (Bestwallethq) December 17, 2024
Investors purchase this idea, with a total pre -primary increase in the project, already stands more than 23.2 million dollars.
Moreover, once launch, Solaxy will provide a platform where developers can build decentralized applications or launch new symbols without prejudice (and may even improve) Solana Layer-1 capabilities.
Solaxy also offers holders who share the SOLX project for the project with a huge annual return of 175 %.
Investors interested in participating in the preliminary can visit the official Solaxy to buy Solx Tokens for $ 0.001644 each using BNB, ETH, USDT or bank card.
Buy SOLX here before prices rise in less than 10 hours to secure the best deal.
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