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</div></div></div><p><span style="font-weight: 400;">In the past week, the Solana price jumped by 13% and increased by 5% over the last 24 hours </span><a href="https://www.geckoterminal.com/solana/pools/2QdhepnKRTLjjSqPL1PtKNwqrUkoLee5Gqs8bvZhRdMv"><span style="font-weight: 400;">now trading at $174.52</span></a><span style="font-weight: 400;"> at 00:17 a.m. EST, with trading volume rising by 24% to $4.15 billion.</span></p>
<h2>Solana Price Targets Ongoing Rally</h2>
<p><span style="font-weight: 400;">Recent price movements indicate Solana is forming an ascending channel, which generally signals a bullish trend. Data from </span><a href="https://www.geckoterminal.com/solana/pools/2QdhepnKRTLjjSqPL1PtKNwqrUkoLee5Gqs8bvZhRdMv"><span style="font-weight: 400;">GeckoTerminal</span></a><span style="font-weight: 400;"> shows that the price has consistently made higher highs and higher lows, adhering to the channel's upper and lower bounds as bulls leverage the $136 support level.</span></p>
<p><span style="font-weight: 400;">SOL is nearing the upper limit of this channel, potentially approaching a resistance zone.</span></p>
<p><span style="font-weight: 400;">The upward trend has brought Solana's price above both the 50-day and 200-day Simple Moving Averages (SMAs), reinforcing its current bullish trajectory.</span></p>
<p><span style="font-weight: 400;">Additionally, the Relative Strength Index (RSI) stands at 71.26, signaling that the asset is currently overbought (typically above 70). This indicates a possibility of market overextension, where a pullback or consolidation could occur soon. Nonetheless, in robust uptrends, the RSI may remain overbought for extended periods before a correction takes place.</span></p>
<p><span style="font-weight: 400;">The MACD line (blue) is positioned slightly above the signal line, reflecting bullish momentum. The histogram is positive, underscoring the strength of the recent price gain. Yet, the histogram bars have begun to contract slightly, which may suggest a potential reduction in bullish momentum or a deceleration in the upward trend.</span></p>
<figure id="attachment_590880" aria-describedby="caption-attachment-590880" style="width: 1167px" class="wp-caption alignnone"><picture decoding="async" class="size-full wp-image-590880">
<source type="image/webp" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Raydium-CLMM_GeckoTerminal.com_SOL_2024-10-24_07-17-20.png.webp 1167w, https://insidebitcoins.com/wp-content/uploads/2024/10/Raydium-CLMM_GeckoTerminal.com_SOL_2024-10-24_07-17-20-300x143.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Raydium-CLMM_GeckoTerminal.com_SOL_2024-10-24_07-17-20-1024x487.png.webp 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Raydium-CLMM_GeckoTerminal.com_SOL_2024-10-24_07-17-20-768x365.png.webp 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Raydium-CLMM_GeckoTerminal.com_SOL_2024-10-24_07-17-20-130x63.png.webp 130w, https://insidebitcoins.com/wp-content/uploads/2024/10/Raydium-CLMM_GeckoTerminal.com_SOL_2024-10-24_07-17-20-104x50.png.webp 104w, https://insidebitcoins.com/wp-content/uploads/2024/10/Raydium-CLMM_GeckoTerminal.com_SOL_2024-10-24_07-17-20-83x40.png.webp 83w" sizes="(max-width: 1167px) 100vw, 1167px"/>
<img decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/10/Raydium-CLMM_GeckoTerminal.com_SOL_2024-10-24_07-17-20.png" alt="Solana Price Chart Analysis Source: GeckoTerminal.com" width="1167" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Raydium-CLMM_GeckoTerminal.com_SOL_2024-10-24_07-17-20.png 1167w, https://insidebitcoins.com/wp-content/uploads/2024/10/Raydium-CLMM_GeckoTerminal.com_SOL_2024-10-24_07-17-20-300x143.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Raydium-CLMM_GeckoTerminal.com_SOL_2024-10-24_07-17-20-1024x487.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Raydium-CLMM_GeckoTerminal.com_SOL_2024-10-24_07-17-20-768x365.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Raydium-CLMM_GeckoTerminal.com_SOL_2024-10-24_07-17-20-130x63.png 130w, https://insidebitcoins.com/wp-content/uploads/2024/10/Raydium-CLMM_GeckoTerminal.com_SOL_2024-10-24_07-17-20-104x50.png 104w, https://insidebitcoins.com/wp-content/uploads/2024/10/Raydium-CLMM_GeckoTerminal.com_SOL_2024-10-24_07-17-20-83x40.png 83w" sizes="(max-width: 1167px) 100vw, 1167px"/>
</picture>
<figcaption id="caption-attachment-590880" class="wp-caption-text">SOLUSD Chart Analysis Source: GeckoTerminal.com</figcaption></figure>
<h2>Solana Price Forecast</h2>
<p><span style="font-weight: 400;">The SOL/USD analysis on a 4-hour chart indicates an ongoing upward trend, with bulls looking to maintain a positive stance. Should the rally persist, the price of Solana might climb with bulls eyeing the next potential resistance at $190.</span></p>
<p><span style="font-weight: 400;">However, as the RSI now exceeds the 70-overbought mark, SOL may be considered overvalued, potentially prompting a bearish reaction that could drive the price lower. In this event, the Solana price might fall, with the 200-day SMA serving as the next support level at $151.</span></p>
<p><span style="font-weight: 400;">Meanwhile, there’s a growing interest in a new meme coin casino endeavor called </span><span style="font-weight: 400;">Memebet Casino (MEMEBET Token)</span><span style="font-weight: 400;">, which has quickly amassed over $500k in its presale just within a month of its launch. </span></p>
<p><span style="font-weight: 400;">According to Cryptonews, a popular YouTube channel boasting over 10k subscribers, the $MEMEBET token may witness a 100x increase post-launch.</span></p>
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<h2>Memebet Casino Approaching $600K – Potential Next Crypto Breakout?</h2>
<p><span style="font-weight: 400;">Memebet Token</span><span style="font-weight: 400;"> has successfully raised over $513,000 in its presale, showing no signs of stopping.</span></p>
<p>This innovative Telegram-based casino project is the first to enable traders to gamble using meme coins.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="6.3827160493827">
<p lang="en" dir="ltr">Not the casino we deserve but the casino we need 🎰 <a href="https://twitter.com/hashtag/MemeBet?src=hash&ref_src=twsrc%5Etfw">#MemeBet</a> <a href="https://twitter.com/hashtag/Presale?src=hash&ref_src=twsrc%5Etfw">#Presale</a> & <a href="https://twitter.com/hashtag/Airdrop?src=hash&ref_src=twsrc%5Etfw">#Airdrop</a> coming soon! 🚀 <a href="https://twitter.com/hashtag/Memecoins?src=hash&ref_src=twsrc%5Etfw">#Memecoins</a>, <a href="https://twitter.com/hashtag/Crypto?src=hash&ref_src=twsrc%5Etfw">#Crypto</a> gaming and more! 🎮🏆 <a href="https://twitter.com/search?q=%24COIN&src=ctag&ref_src=twsrc%5Etfw">$COIN</a> <a href="https://twitter.com/search?q=%24DOG&src=ctag&ref_src=twsrc%5Etfw">$DOG</a> <a href="https://twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw">$PEPE</a> <a href="https://twitter.com/hashtag/SOL?src=hash&ref_src=twsrc%5Etfw">#SOL</a> <a href="https://twitter.com/hashtag/RNDR?src=hash&ref_src=twsrc%5Etfw">#RNDR</a> <a href="https://t.co/oR2xja6JFK">pic.twitter.com/oR2xja6JFK</a></p>
<p>— MemeBet (@Memebetcasino) <a href="https://twitter.com/Memebetcasino/status/1793673524747309446?ref_src=twsrc%5Etfw">May 23, 2024</a></p></blockquote>
<p><span style="font-weight: 400;">The platform features an exciting play-to-earn model that rewards users of Memebet Casino who place bets with MEMEBET Token. This means that even in cases where bets don’t favor investors, they can still come away with rewards.</span></p>
<p><span style="font-weight: 400;">The more users bet with the MEMEBET Token, the larger their rewards become.</span></p>
<p><span style="font-weight: 400;">Early backers can also take advantage of an airdrop campaign by acquiring tokens during the presale for future use once the casino launches.</span></p>
<p>Additionally, there are whispers on its social media channels about an imminent launch of its Telegram casino this week, granting presale participants the first opportunity to experience the benefits of being a $MEMEBET token holder.</p>
<p><span style="font-weight: 400;">To participate in the presale, you can</span> <span style="font-weight: 400;">purchase $MEMEBET Token at the official site for $0.0261 using USDT, ETH, or a bank card. Since a price increase is expected in approximately 3 days, act fast to secure the best price.</span></p>
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</div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>Is Now the Right Time to Buy SOL? Price Jumps 13% This Week![embed]https://www.youtube.com/watch?v=dgqdweQeJVI[/embed]
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