Solana Price Prediction: SOL Soars 6% After Solana Seeker Unveiling As This PEPE Upgrade Surges Past $14 Million In Presale
The Solana price surged 6% in the last 24 hours to trade at $146.34 as of 00:29 a.m. EST on trading volume that rose 1% to $2.8 billion.
This comes after Solana unveiled its new smartphone, the Solana Seeker, which is scheduled for a mid-2025 release and has already garnered 140,000 pre-orders. Compared to its predecessor, the Saga, the Seeker boasts upgraded features, including a premium display, better camera, and a longer-lasting battery.
Solana Mobile plans to refine the product through user feedback before expanding to a broader audience.
Solana Price To Sustain The Breakout
According to data from GeckoTerminal , the Solana price has been in a consolidation phase since the beginning of September, trading within a sideways pattern within the $137 and $127.19 range.
However, in the last two days, the bulls won the struggle for dominance, pushing the price of Solana from below the lower boundary of the sideways pattern to breach the $137 resistance.
SOL price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which coincides with the current uptrend.
The Relative Strength Index (RSI) is soaring past the 70-overbought region, currently at 73, which indicates that SOL is under intense buying pressure. The RSI’s soaring may also indicate that Solana is now overvalued.
Moreover, the bullish sentiments are supported by the Moving Average Convergence Divergence (MACD), which now soars past the neutral line. The blue MACD line also crosses above the orange signal line, confirming the bullish momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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