Solana (SOL) Price Prediction; its new meme coin launch is tomorrow

Solana shows signs of recovery, but needs to break the resistances of $150 and $152.50.
The Solciety meme coin (SLCTY) will launch on June 18, combining politics and memes.
Solciety’s pre-sale offers increasing prices, with the aim of attracting early investors.

Solana (SOL) has seen significant price fluctuations recently, attracting the attention of investors and analysts alike. Amid the price fluctuations, the upcoming launch of a new meme coin, Solciety (SLCTY), on the Solana blockchain has caught the attention of the community eager to see if it will re-energize the cryptocurrency.

In this article we will delve into Solana’s recent price movements, technical analysis and price prediction, as well as provide an in-depth look at the Solciety meme coin (SLCTY).

Solana (SOL) price shows signs of recovery after a prolonged decline

Solana (SOL) has been on a roller coaster ride over the past month, seeing a notable decline. In the last week, its price has fallen by more than 7%, adding to the 12% decline recorded in the last month.

Recently, SOL fell below the critical support level of $150, which worried many investors, as this level served as both technical and psychological support. Breaking above that level led to further bearish sentiment, indicating a continued downtrend.

Despite these challenges, signs of recovery are emerging. At the time of writing, Solana (SOL) was trading at $146.81, showing a modest increase of 1.36% over the past 24 hours.

This slight rise comes after SOL tested the $138 zone and began a recovery wave. The key resistance levels for Solana price to establish a clear uptrend are $150 and $155. If SOL manages to break above and hold above these levels, it could set the stage for a steady rise.

Technical analysis reveals a bullish trend line connecting with the support at $146 on the hourly chart of the SOL/USDT currency pair. The price rose above the 100 hourly simple moving average and the $145 resistance level.

Looking at the technical indicators, the daily MACD for SOL/USDT shows signs of crossing with the MACD histogram moving towards the bullish zone. Additionally, the daily RSI is approaching the 50 level from the oversold region, indicating balanced momentum but potential volatility ahead.

Immediate resistance is near the $150 mark, with significant resistance at $152.50 and $156.50. If SOL successfully closes above the $152.50 resistance, the next target could be the $160 level.

Conversely, if SOL fails to break out of the $152.50 resistance, it may face another decline. Initial downside support is near $145, with further support at $142 and $138.

A close below $132 could lead to a more significant drop towards the $125 level.

Solciety (SLCTY), a new Solana meme coin, will launch tomorrow

As Solana faces price recovery, the launch of a new meme coin, Solciety (SLCTY), is set to add excitement to the Solana ecosystem.

The launch is scheduled for June 18th. Solciety aims to merge politics and memes, targeting “Degens,” a term that refers to cryptocurrency enthusiasts deeply immersed in decentralized finance (DeFi) and internet culture.

Solciety (SLCTY) stands out as the first political party for Degens, offering a unique perspective on the intersection of politics and memes. The project is a beacon for those disenchanted with mainstream politics, uninteresting memes and lackluster financial gains, promising a new and exciting approach.

Built on the robust and efficient Solana blockchain, Solciety leverages the hallmarks of the Solana network, high-speed transactions and low fees.

At the heart of Solciety is the powerful Meme Campaigner platform. This innovative tool allows users to easily create and customize memes, with an extensive library of over 200 strokes, backgrounds and fonts. By actively participating in the creation and propagation of memes, users can share their creations on social media and earn pre-sale tokens as rewards, fostering a sense of engagement and community.

The Meme Campaigner ensures memes stay relevant and current by allowing users to integrate news and current events into their creations.

Solciety’s pre-sale is designed to incentivize early participation. The presale, scheduled for 30 days, offers SLCTY tokens at progressively increasing prices.

Early investors can purchase SLCTY tokens at $0.000963 during the first phase, with the final price of the pre-sale phase expected to reach $0.002167. The total supply of 3 billion SLCTY tokens is spread across various categories, including pre-sale, marketing, rewards, development, partnerships, treasury, and liquidity.

The launch of Solciety on Solana not only highlights the versatility of the Solana blockchain, but also represents a unique fusion of political engagement, meme culture and blockchain technology. This project aims to foster a vibrant ecosystem of content creators and meme enthusiasts by providing a platform for decentralized governance and creative expression.