{"id":39752,"date":"2023-07-24T08:48:15","date_gmt":"2023-07-24T12:48:15","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/solana-is-going-to-zero-as-sol-price-drops-10-in-a-week-but-evil-pepe-coin-just-raised-500000-how-to-buy-early\/"},"modified":"2023-07-24T08:48:17","modified_gmt":"2023-07-24T12:48:17","slug":"solana-is-going-to-zero-as-sol-price-drops-10-in-a-week-but-evil-pepe-coin-just-raised-500000-how-to-buy-early","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=39752","title":{"rendered":"Solana is Going to Zero as SOL Price Drops 10% in a Week But Evil Pepe Coin Just Raised $500,000 \u2013\u00a0How to Buy Early?"},"content":{"rendered":"
\n

Solana has endured a rough two years of price action after bleeding-out -90% since the previous all-time high (ATH) in November 2021, but as SOL’s 2023 recovery rally heads south, could all be over for the major layer-1 blockchain? Find out in this Solana price analysis.<\/p>\n

Amid a broader resurgence in crypto markets triggered in January, Solana pumped an impressive +147%, driven in part by the Solana integration with Neon EVM.<\/p>\n

Yet a rejection at $32.00 on July 14th has triggered the first major retracement for SOL in 2023 – leaving investors in fear over tumbling price action.<\/p>\n

SOL Price Analysis: Is Solana going to Zero?<\/strong><\/h2>\n

In the midst of the downtrend (driven by resistance at the top trendline), SOL is currently trading at $23.72 (a 24-hour change of -4.2%), as price action risks plummeting through local support at the 20DMA.<\/p>\n

With 10 days of downside moves now reaching -28%, many traders had hoped the 20DMA would for a strong lower support level. However, this now seems under threat as SOL has begun to rapidly slip under this level around $23.75.<\/p>\n

The last time SOL fell below the 20DMA on June 6 saw Solana bleed-out -30%, painting a foreboding image of the potential price action ahead.<\/p>\n

Lower support can be found at the 200DMA, which currently sits around $21, and would likely form the next foothold if SOL pushes lower.<\/p>\n

Little reassurance is to be found in Solana’s key indicators either, despite a rapid cool-down on a grossly overheated RSI, the indicator is still displaying an over-bought signal at 53.5.<\/p>\n

There is no relief either from the MACD, which mirrors this concern with bearish divergence at -0.31.<\/p>\n

With price direction risking freefall to lower support, downside seems likely, and Solana’s risk: reward structure reflects this at 0.86 on the short-time frame.<\/p>\n

As for whether Solana will hit zero, this is unlikely with lower support levels at $21, $16.75, and $15.<\/p>\n

Yet, despite these lower supports, with downside movements clearly dominating the chart, many investors are rotating capital to find more lucrative returns in the short time frame – with meme coins still trending as the number 1 gainers in the space.<\/p>\n

Meet EvilPepe: The Meme Coin Surging Past $600k Market Cap<\/strong><\/h2>\n

Evil Pepe Coin, an audacious derivative of the market-leading meme coin, Pepe Coin, not only rides the wave of its predecessor’s success but amplifies it with a devilish twist of its own.<\/p>\n

Enticing crypto-enthusiasts with its alluring low initial valuation of $2 million, Evil Pepe offers a lucrative opportunity to ground-level investors.<\/p>\n

Proven teams, the masterminds behind successful meme coins like Thug Life Token ($THUG) and SpongeBob ($SPONGE), are the driving forces behind $EVILPEPE.<\/p>\n

As a result, expectations are sky-high for the new meme coin, with projections hinting at the potential to replicate or even eclipse the success of its forebears.<\/p>\n

But the strength of Evil Pepe Coin isn’t solely rooted in the robust background of its creators.<\/p>\n

A strategic marketing approach, encompassing influencer partnerships and targeted promotion across various social media and crypto news outlets, assures extensive visibility, a key component for its growth.<\/p>\n

Evil Pepe’s Superior Tokenomics and Community Commitment<\/strong><\/h2>\n
<\/oembed><\/figure>\n

The commitment of Evil Pepe Coin to its community is evident from its initial token offering, and the surging presale – which now exceeds $650,000.<\/p>\n

With 90% of the total supply available for acquisition during the presale and a one-month lock on 10% for DEX liquidity, it reassures investors of its stability and fairness.<\/p>\n

Evil Pepe’s team bypasses the common pump-and-dump pitfalls of straight-to-DEX launches, instilling confidence in its commitment to long-term value generation.<\/p>\n

The roadmap for Evil Pepe includes collaboration with influential meme creators and alliances with creative minds in the meme coin universe post-DEX launch.<\/p>\n

A single presale price stage set at $0.000333 and a hard cap of $1.9 million reveals an undiluted focus on simplicity and transparency.<\/p>\n

How Evil Pepe Plans to Deliver Astronomical Moon Shoot<\/strong><\/h2>\n

Unlike many presales that involve various stages and price increases, all $EVILPEPE tokens are offered at the same presale price.<\/p>\n

Moreover, there are no team tokens, mitigating concerns about massive token drops from whales seeking to cash in.<\/p>\n

The Evil Pepe Coin team has an ambitious market cap goal of $100 million, a nearly 50x leap from its initial valuation, underlining the immense growth potential of this audacious newcomer.<\/p>\n

Even with its low initial market cap, crypto experts like Jacob Bury and Rochelle Manalo predict that the presale could swiftly garner substantial interest – they envision a scenario where the demand for $EVILPEPE could surge post-launch, potentially elevating its price.<\/p>\n

<\/oembed><\/figure>\n

The journey of Evil Pepe Coin starts with a listing on a decentralized exchange (DEX), a calculated move to foster community participation.<\/p>\n

This strategy underpins Evil Pepe’s vision of inclusivity, allowing broader access and participation in $EVILPEPE, this bedrock of inclusivity and community engagement propels Evil Pepe Coin’s roadmap towards ambitious objectives.<\/p>\n

Evil Pepe Coin ushers in a new era in the meme coin market – it tantalizes the cryptocurrency arena with its audacious brand and untapped potential.<\/p>\n

The coin is currently on presale and is available at $0.000333, a tantalizing invitation to meme fans and investors seeking to make substantial gains.<\/p>\n

Join the $EVILPEPE revolution today – it’s wickedly delightful.<\/p>\n

Buy EVILPEPE Here<\/strong><\/p>\n

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.<\/sup><\/i><\/p>\n<\/p><\/div>\n