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The cryptocurrency market is on the brink of a bull run as the Fear and Greed Index nears 60. Bonk appears bullish as it broke out of its consolidation zone, and currently, there is no resistance level, which poses a hurdle to its upward rally. On the other hand, Solana’s impressive Total Value Locked (TVL) milestone crossed it’s all-time high in 2021.
Experts are now predicting that the SOL token will record double-digit gains. Meanwhile, Cutoshi’s presale continues to gain traction due to its remarkable market performance. But, after its recent CoinMarketCap addition, the price is ready to explode.
Cutoshi (CUTO): Hidden Gem For SOL And BONK Holders
As BONK and SOL enthusiasts gear up for a potential rally, many are exploring promising alternative Cutoshi (CUTO) to maximize their upside. Cutoshi has combined the essence of the Chinese Lucky Cat with Satoshi Nakamoto’s vision of blockchain technology. The new project will introduce a vibrant ecosystem with serious DeFi tools, including a multichain DEX.
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This decentralized exchange will enable the trading of cryptocurrency assets across multiple blockchains. It also features a farming mechanism where users complete community-based challenges and quests to win points, which can be redeemed for more tokens. Additionally, its learning academy will offer DeFi and crypto knowledge for users to sharpen their skills, thereby creating an informed user base.
Considering the massive adoption a move like this could bring, investors have flocked to Cutoshi presale with a price offering of $0.022. This marks a 46% leap from its initial offering of $0.015. With a recent CoinMarketCap listing and built-in scarcity, Cutoshi’s price can follow the price trajectory of Solana and Bonk.
Bonk Price Breaks Out Of Its Consolidation Zone
Popular Solana-based meme coin Bonk has made headlines in the crypto landscape due to its impressive performance. According to CoinMarketCap, Bonk’s price has surged 1.96% in the past 24 hours. During the same time, Bonk’s trading volume jumped by 23%, highlighting increasing participation from investors and traders. Its daily chart indicates that the meme coin appears bullish and could be gearing up for a rally in the coming days.
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Source: TradingView
On September 27, Bonk’s price broke above its critical level to close its daily candle above the 200-day Exponential Moving Average (EMA). Afterward, it consolidated between the $0.000024 and $0.000019 regions. Notably, Bonk’s price has breached its consolidation zone and has no resistance level, posing a hurdle to its upward rally.
If the Bonk token closed the daily candle above $0.0000248, it would soar by 30% to reach the $0.0000335 mark. Additionally, its relative strength index (RSI) suggests a potential upside rally ahead. Bonk’s long and short ratio is around the 1.05 mark, highlighting a bullish sentiment among traders. This means that traders are likely to build their positions following the breakout from the consolidation phase.
Solana Price Prediction: Will SOL Price Reach $1400?
SOL token is in a prime position to retest its support levels amid market recovery. Experts now believe that Solana’s price could jump to $1400, basing their argument on several factors. They include Solana’s role in decentralized finance (DeFi), its growing use, and, more importantly, its fast and scalable blockchain. Moreover, they believe that Solana’s rise in transaction numbers and DeFi use have been incredible, which could potentially trigger double-digit price surges.
Source: X (Formerly Twitter)
At the moment, the price of Solana has been hovering between $150.93 and 158.05. Solana’s technical indicators align with this positive view. The 10-day moving average is at $148.08, while its 50-day moving average is at $145.88, meaning that the altcoin has been moving steadily upward. This suggests that traders and investors are becoming more optimistic about Solana.
While the $1400 mark is achievable, it will only happen if the broader market stays favorable and the Solana ecosystem continues to grow. Experts have also noted a bull flag pattern on Solana’s price chart, meaning that its price could increase again. If the $1400 is too high for now, the $1200 mark could be the next target. Its RSI stands at 57.12, meaning the altcoin has not been overbought yet. If the price of Solana trades above its resistance level of $169.25, its price could continue to go higher.
Which Crypto To Invest In?
Solana and Bonk are on a good path, but their potential to reach exponential heights remains unclear. While experts are hopeful and research backs bullish sentiments, the next few months will be vital for Solana and Bonk’s price. A more realistic goal is propping up your portfolio with high-promise coins with a more direct potential path to growth. Cutoshi can be a real difference maker for those investors waiting to see if Solana and Bonk go up and down.
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