Solana (SOL) Bearish Trends Loom as SHIBI Gains Traction

Solana Price Prediction: Bearish Trend or Temporary Dip?

While the Solana price responded sharply last weekend following Trump's announcement, reaching a high of $178 from $125 a few days earlier, it has now returned below the 7 SMA. However, this return from the early rise is fueling different predictions, suggesting it might still be in the bear zone.

However, as the Solana price prediction continues to show a bearish direction, the Panshibi meme coin, on the other hand, has continued to stick to a bullish path. Want a 100x break this year? Check out the ongoing Panshibi presale. 

Is $120 Still A Valid Solana Price Prediction Before A Bull Run

For a few weeks, the price movement has been fueled by uncertainty as the price continues struggling to regain the $200 support. Interestingly, despite the recent Trump announcement that identified Solana as a beneficiary of the US crypto reserve, the price could not break the resistance to $200. Could this mean the bears are fully in charge? The trending Solana price prediction suggests it could reach $120 before the price gains strong support.

The current trend, however, shows that the Solana price prediction might still be valid even after its brief upturn last weekend, as the price continues on a downtrend. Although the price has fluctuated between $125 and $170 in the last few weeks, experts’ Solana price predictions show it could go lower to $120.

What Is Fueling Solana Bear?

According to the Solana price prediction, suggesting its move to $120, a strong bearish formation might be coming soon. But why has the Solana price continued downward for the past few weeks? One answer that seems stronger is the drop in investors' confidence. As the bear market continues to extend its formation, investors are getting frustrated and potentially moving to other, more rewarding options.

This is because while the market continues to move downwards, some crypto assets have continued to find a way to stay afloat. Hence, analysts believe the bullish assets might fuel the bearish move on the Solana price lately. However, while Trump's announcement might have a long-term bullish effect, it might take a few weeks before it affects the price growth.

The Viral Panshibi 100x Potential From The Asian Market This Year

The Panshibi meme coin is a viral option that has continued to overtake other meme coins in popularity these last few weeks. But the most interesting part about this new meme coin is that it hasn't even launched yet, but it is still setting the stage for a viral breakout. The Panshibi meme coin presale has continued to win investors' confidence as it rises above established altcoins like Solana, Dogecoin, Shiba Inu, and others in ROI these last weeks.

The careful blend of the Asian market with the Viral panda meme could make Panshibi the biggest meme coin this year as investors continue to rally around the presale. This new meme coin has raised over $1.2M in the 4 stages of its presale. Panshibi's ability to continue rising due to its mix of culture, geography, and new meme options makes it a top choice for crypto investors.

However, the presale price, currently at $0.005, continues to rise to a new value after every completed stage in the presale. This shows the current stage as the lowest price at which any investor can buy the meme coin before the price increases again. And with the presale still ready to go on an additional 11 stages, investors could earn up to 5x even in the presale alone, with an additional surge potential of 100x after the coin launches.

Don't miss out on an opportunity to get the best price with this viral meme coin; the price is still $0.005.

Join the Panshibi ($SHIBI) presale and community:

Telegram: https://t.me/panshibi 

Twitter: https://x.com/panshibi

Website: https://panshibi.com