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Solana Price Prediction: Solana Price Soars 7% while New SOL Meme Coin Smog Appears Explosive with 1,288% Pump

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The price of Solana has surged 7% over the past 24 hours, trading at $101.25 as of 1:10 AM ET, with volume up nearly 20%.

This comes amid a recent surge in Solana-related development. First of all, the foundation recently collaborated with the Abu Dhabi Free Zone on its Web3 push.

Elsewhere, the Solana Foundation has requested proposals to advance the development of open source security tools for Solana.

Nonetheless, the main driver of Solana’s price surge is the multiple projects springing up on the Solana blockchain. Among them are Bonk Inu (BONK), Myro (MYRO), and Jupiter DEXe’s JUP token, with one user praising Solana for showcasing and enabling “access to the best of the best.”

Solana is one of the few altcoins to outperform Bitcoin this week, according to Santiment analysts.

Solana price outlook

Solana price is consolidating along an upward trend line. This is part of a recovery rally after SOL slipped below the range of a rising parallel channel. The simple moving average (SMA) is tilted north, making it the path of least resistance.

RSI (Relative Strength Index) has also exceeded the 50 level, and MACD (Moving Average Convergence Divergence) and AO (Awesome Oscillator) are both in the positive area. This adds credence to the optimistic thesis.

Increasing buying pressure could push Solana price into the supply zone between $107.92 and $121.19. A decisive break above the $114.76 midline would confirm the continuation of the uptrend.

This can be seen turning the supply zone into a bullish breaker before Solana price tags the $126.36 blockade. In a very bullish case, the Layer 1 (L1) token could extend its rise to the $140.00 psychological level. Such a move would represent a 40% increase from current levels.

Solana prices

TradingView: SOL/USDT 1-day chart

On the other hand, if selling momentum increases, Solana price may lose support due to the rising trend line. A decisive decline, confirmed by a close below $89.02, would invalidate the bullish argument. This will see Solana price roll over to the $68.03 support level. This move represents a 33% decline from current levels.

Meanwhile, Smog, a new Solana-based meme coin, exploded onto the meme coin scene, recording a 1,288% rise upon its launch on February 7.

A promising alternative to Solana

Debuting on the Jupiter DEX, Smog promises to be the mother of all airdrop campaigns, building on the success of recent groundbreaking launches on Solana including Myro, Bonk, Dogwifhat, and more.

The project is committed to generating incredible success through a robust airdrop campaign.

The token economics of the project include an allocation for airdrops, as members of the Smog community have access to the largest Solana airdrop in history. To participate in the SMOG airdrop campaign, traders must use a Solana compatible wallet such as Phantom. The project will also be launched on CoinMarketCap soon.

Use your SOL, USDT or BONK tokens to exchange for Smog via the Jupiter DEX aggregator or Birdeye. Increase your chances of being selected as a Loyal Chosen by completing a list of community tasks on Zealy. This will also help you increase your airdrop income.

Join the Smog Community X (Twitter)You can keep up to date with the latest news and updates via , Discord and Telegram. You can also explore Lite Paper to learn more.

Visit and purchase SMOG here.

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