cryptocurrency industry, investors are always monitoring different digital assets to see those with potential bullish movements. Currently, there is growing interest in Solana and Tradecruve’s token, with speculations of a potential price surge. The question now is if it will happen.
Solana Price Prediction: Is SOL Gearing Up For Price Pump?
Solana experienced a significant decline following the FTX collapse in November 2022. However, the token has shown signs of recovery in recent months. From a low of $8.39 on December 29th, the coin climbed to a peak of $26.93 on February 20th, 2023. Unfortunately, in March, the collapse of the Silvergate bank had a negative impact on the crypto market, causing Solana to drop to a low of $16.12 on March 10th. Currently, Solana is battling bullish and bearish forces around the crucial $15.28 support level.
Although bulls struggled to maintain the price above $15.28, the bears have been able to pull the price down with the token trading at $14.83 by press time. If bearish pressure persists, there is a possibility of retesting the intraday low of $12.80 recorded on June 10th. However, there are indications of a potential price rally as the RSI levels suggest oversold conditions. To initiate an upward movement, the bulls need to regain the $15.28 price level and overcome resistance at $16.20, which could lead to a possible upswing toward the 20-day EMA at $18.16.
According to DigitalCoinPrice, Solana could trade around $52.76 in 2023 and potentially reach $246.50 by 2030. CoinPriceForecast also provides positive projections, suggesting that the coin could trade at $41.95 by the end of 2023 and $54.64 by 2025.
Tradecurve (TCRV) Set for Price Increase
While Solana has lost a crucial price support level, Tradecurve (TCRV) has been bullish over the last two months, and on-chain data suggests that the token is getting set for another price increase.
With the prospect of increased adoption among traders and increased trading volumes, there is a possibility that the TCRV price could surge to $0.1 in the coming months.
The trading platform of Tradecurve is the main reason behind the strong performance of TCRV and the bullish predictions of analysts. Unlike CEXs like OKX and Gemini, Tradecurve has a wide range of trading assets and exposure to various markets such as commodities, cryptocurrencies, forex, CFDs, and stocks. Additionally, Tradecurve will boast one of the lowest transaction fee structures in the cryptocurrency market.
Tradecurve plans to launch a metaverse trading academy to help both beginners and experts enhance their trading skills. The platform also offers other benefits such as AI trading, copy trading, and bot trading.
Currently, during its fourth token presale stage, the TCRV token is available for purchase at a mere $0.018. Tradecurve has achieved impressive success by selling millions of its tokens during its presale. Analysts have predicted a potential 50% price surge for the token by the end of June.