Solana is on the climb as crypto markets flip bullish, but as SOL sits atop a 38% price gain, could Bitcoin retracement trigger downside? Or, is Solana set to breakout?
Price action is in an ongoing battle to secure a foothold at freshly reclaimed support around $32.25, yet, this comes as a challenging time for the Solana network.
man even with the rally, and measuring it in SOL, there is just no value locked/activity on Solana right now
need stuff to start shipping in the next 6 months pic.twitter.com/2B4eT5QwKy
— blockgraze🐂🎯 (@blockgraze) October 26, 2023
Best visualised through total value locked (TVL) which has undertaken a substantial decline over the past year – in a demonstration of fleeting network activity.
SOL Price Analysis: Is it Too Late to Buy Solana After +38% Price Pump?
As price fights to consolidate, Solana is currently trading at a market price of $32.16 (representing a 24-hour change of -0.76%).
This comes as the +38% rally move topped out at localised resistance around $34 – a price level untouched since July 13.
Lower support can now be found at the $30 mark, giving much needed reassurance to Solana bulls awaiting a bullish pendant breakout.
The rapidly ascendant 20DMA is currently stood at $25.45 – far beneath ongoing price action.
However, the RSI indicator is emerging as a cause for concern, having now been overheated at an overbought signal for 7-days.
This suggests the potential need for a consolidation or retracement move before price can push up higher.
Yet, the bullish sentiment of markets remains reflected in the MACD – which is stood with bullish divergence at 0.834.
Overall, Solana looks strong here, with 4-days at current price levels and nearby localised support, further consolidation could trigger a breakout of the current bullish pendant.
This leaves Solana with an upside target at $34.45 (a possible +7%).
While downside risk remains at $30.20 (A potential -6.21%).
Solana therefore carries a short-time frame risk: reward ratio of 1.13 – a reasonable entry with slightly more reward on the table.
In other news, the TG Casino presale has broken out as traders rush to find the next Rollbit-style gambleFi moon-shot.
Top Rollbit Alternative? This GambleFi Crypto Presale Just Smashed $1.47M
As Telegram trading bots and GambleFi dominate September’s narratives, the TG.Casino ($TGC) presale is gaining significant attention – racing to $1,477,492 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 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 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: Hype and Beyond
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 3,446%.
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 3,446% 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.
Buy $TGC Here
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.
Read the full article here
