Is It Too Late to Buy Solana? SOL Price Blasts Up 25% as New Crypto Telegram Gambling Platform Raises $1.45 Million in Funding
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Solana (SOL) has blasted-up +25% in an impressive pump, as crypto markets come alive following bullish Bitcoin price moves to the $31,000 level - but with Solana rising, is it too late to buy SOL?
Indeed, Bitcoin's strong performance so far this week - fuelled by positive sentiment surrounding the likely upcoming launch of Bitcoin Spot ETFs has catalyzed major market moves.
And Solana hasn't been left behind as price action returns to levels last seen on July 14.
Following the dramatic move, top trader Pentoshi has predicted a brief consolidation period at current levels, before upside action resumes.
SOL Price Analysis: Is it Too Late to Buy Solana After +25% Price Blast?
As the price pushes up to July levels, Solana is currently trading at a market price of $32.07 (representing a 24-hour change of +0.59%).
This comes amid a strong technical structure for SOL, which undertook an impressive bounce from converged 20DMA and 200DMA support on October 12 - following the emergence of a golden cross pattern on the chart.
A rapidly ascendant 20DMA gave immediate footing to the initial stages of the rally move, with SOL successfully testing the 20DMA for support on October 16 and October 19.
With double-tested supported, firm footing launched SOL +37.5% to current levels - smashing the previous descendant trading channel.
Historic resistance at $32.35 has seen the Solana rally stall, and this coincides with a substantially overheated RSI - which currently has an oversold signal at 82.70.
The MACD on the other hand continues to reflect the bullish momentum at 0.918, suggesting that while technically oversold - buy pressure remains strong.
Overall, SOL appears to be stood atop an impressive run here - emboldened by Bitcoin's moves, but facing a potential consolidation and retracement due to historic resistance.
To the upside, Solana has a short-time frame target here at $34.45 (a possible +8.25%).
While downside price action could see Solana tumble down to lower support at $27.20 (a potential -14.53%).
Solana therefore carries a short-time frame risk: reward ratio of 0.57 - almost double the downside risk.
In other news, a new GambleFi play is on the rise as market excitement grows, now stood as the biggest presale in crypto gambling at $1.46m.
Top Rollbit Alternative? This GambleFi Crypto Presale Just Smashed $1.46M
As Telegram trading bots and GambleFi dominate September's narratives, the TG.Casino ($TGC) presale is gaining significant attention - racing to $1,466,689 raised in just two weeks, here’s why it should be on your radar.
TG.Casino isn't just another quick 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!
