Solana’s recovery pump continues to defy the RSI, as SOL price hammers up +25% ahead of the latest interest rates decision from the Fed.
Bitcoin’s choppy performance on the hourly candle reflects market positioning ahead of the highly anticipated data, with CVD down, Open Interest rising, spot selling and BTC futures longing.
Solana $SOL is on an absolute tear! 🔥
Over the past week, $SOL has surged an incredible 24.83%, now trading at an impressive $39.59. 📈
With this bullish momentum, it wouldn’t be surprising to see $SOL mark $40 soon. The future looks incredibly promising! 🌟💪#Solana #SOL… pic.twitter.com/zVP3gtVelU— Samboi (@Tam259324557) November 1, 2023
The strong performance by SOL price hints at a potentially market defying recovery in face of Bitcoin turbulence, with price action reclaiming critical posture above $40.
SOL Price Analysis: Solana’s Breakout Rally Continues to Push High – But Will Severely Overheated RSI Trigger Retracement Move?
As SOL price battles to stabilize atop the fresh gains, Solana is currently trading at a market price of $40.30 (representing a 24-hour change of 5%).
Solana’s dramatic upside movements continue to press to the upside for a third consecutive day, as SOL price smashes multiple price levels with limited effort.
Now stood at a +304.53% YTD gain, SOL price is defying Bitcoin’s recovery – as markets becoming emboldened by a post-FTX atmosphere.
A golden cross pattern on October 8 appears to have been the main driver of the ongoing movement, with the 20DMA (sat at $29.25) rapidly ascending as it trails breakout SOL price moves.
The 200DMA in the meanwhile sits far below price action at the $22 price level – with technical structure appearing strong backed by growing lower support.
However, the RSI has been ringing a warning bell for almost 2-weeks, with a severe over-bought signal at 83.60 – that has failed to cool-off throughout the upside move.
This suggests a retracement move is due, yet, the MACD contrasts this with continual bullish divergence at 0.926.
Overall, Solana looks strong here, with breakout SOL price action igniting a frenzy of interest, critically on the short-time frame the move above $40 could set the stage for a strong consolidation level.
To the upside, SOL price has its next target at $42.85 (a possible +7.27%).
While a downside move could see almost immediate support at $38.5 (a potential -3.42%).
SOL price therefore carries a risk: reward ratio of 2.12 – reflecting the market defying performance of SOL’s breakout.
But while SOL appears alluring, the tail-end of a +25% move marks a high risk late-stage entry that could see serious downside risk.
Yet, FOMO is avoidable, with many lucrative plays still available in the market such as the breakout TG.Casino presale.
Top Rollbit Alternative? This GambleFi Crypto Presale Just Accelerated Past $1.62M
As Telegram trading bots and GambleFi dominate September’s narratives, the TG.Casino ($TGC) presale is gaining significant attention – racing to $1,620,670 raised in just two weeks, here’s why it should be on your radar.
TG.Casino isn’t just another quick Telegram bot pump-and-dump it’s an intricately crafted ecosystem that marries the thrill of the crypto casino world with the decentralized edge of blockchain.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live Telegram casino games, slot machines, and table games to an expansive sportsbook, ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.
From a security standpoint, users can rest easy – all data and funds are encrypted, ensuring robust protection against potential threats.
While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.
Biggest GambleFi Presale TG Casino Presale: TG.Casino APY Outperforms SOL Price YTD Gains
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 316%.
Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.
And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.
The $TGC token’s utility is another aspect to spotlight – beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.
Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.
How to Buy TG Casino Early?
Step 1 – Go over to their official website
The first thing you want to get correctly is going over to their official website.
Step 2 – Create a Crypto Wallet
You need to set up a crypto wallet, and it’s important to chose a wallet that supports ERC-20 tokens as this is TGC Standards.
Step 3 – Purchase ETH or USDT
Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.
Step 4 – Connect Wallet to Presale Dashboard
Go to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.
Step 5 – Buy TG.Casino Token
Investors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.
Step 6 – Claim TG.Casino Token
Once TG.Casino’s presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the ‘Claim’ button on TG.Casino’s homepage. That’s all for how to buy TG.Casino.
TG Casino’s Unrivalled Tokenomics Could Trigger Biggest GambleFi Moonshot
To wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it’s a front-row ticket to the future of Telegram GambleFi.
With tokenomics supply – fairly distributed across the presale, liquidity pools, staking rewards, and player rewards – and the additional bolster of TG Casino’s jaw-dropping 316% APY – this project is positioned to become a huge name in the GambleFi vertical.
Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!
Dive into the TG.Casino Presale Now.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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