Solaxy Presale Garners Over $22.4 Million – Next 100X Crypto?

Solaxy’s presale has raised over $22 million, highlighting strong investor interest in Solana’s first Layer 2 scaling solution.

Story price went up 37% in the last 24 hours to trade at $2.87 as of 11:19 p.m. EST on trading volume that surged 109% to $402 million.

Story Price Analysis Shows A Bullish Momentum With Resistance AheadIP price has been on a steady uptrend, demonstrating bullish momentum over the past few days. The price has been forming higher lows and higher highs while respecting an ascending trendline.

A Fibonacci retracement tool has been applied, showing key levels of potential support and resistance. Story price is approaching the 0.5 Fibonacci level at $2.86, a crucial area to watch.

If this level is successfully broken, the next key resistance lies at $3.30 (0.382 Fibonacci level) and $3.84 (0.236 Fibonacci level), according to GeckoTerminal data.

The 50 Simple Moving Average (SMA) on the 1-hour chart is trending upwards and currently sits at $2.29, significantly below the current Story price. This suggests strong bullish momentum as the IP price is well above this support level.

Meanwhile, the Relative Strength Index (RSI) is currently at 71.02, which is slightly above the overbought threshold of 70.

This indicates that the price of Story may be overextended in the short term, increasing the chances of a temporary pullback or consolidation.

However, in strong uptrends, the RSI can remain overbought for extended periods before a correction occurs.

IP Price PredictionGiven the bullish structure, IP price is likely to continue its upward trajectory, targeting the $3.30-$3.84 resistance zone.

If the price of Story breaks above $3.30, it may aim for $3.84 in the near future. While the trend remains bullish, traders should be cautious due to the overbought RSI.

A minor retracement could provide better entry opportunities before the next leg up. In this case, $2.42 and $2.29 (50 SMA) should provide strong support.

Solana Meme Coin Surges 100X After Launch, But Is It A Good Investment?Investors are piling into a new layer 2 Solana meme coin called Solaxy (SOLX). According to 99Bitcoins, a popular crypto YouTube channel with over 725K subscribers, Solaxy has the potential to soar 100X post-launch.

Solaxy Presale Garners Over $22.4 Million – Next 100X Crypto?Solaxy’s presale has raised over $22 million, highlighting strong investor interest in Solana’s first Layer 2 scaling solution.

Solana markets itself as a fast, reliable, and affordable blockchain, especially compared to Ethereum’s slower and more expensive infrastructure.

However, recent events show Solana has not lived up to these promises. What’s more, the situation has worsened after trading boomed following the launch of the Official Trump and Melania Meme tokens last month.

Solaxy helps Solana deliver on its initial promises by processing transactions off-chain through its native layer 2 network, easing the workload on the Solana mainnet.

Solana markets itself as a fast, reliable, and affordable blockchain, especially compared to Ethereum’s slower and more expensive infrastructure.

However, recent events show Solana has not lived up to these promises. What’s more, the situation has worsened after trading boomed following the launch of the Official Trump and Melania Meme tokens last month.

Solaxy helps Solana deliver on its initial promises by processing transactions off-chain through its native layer 2 network, easing the workload on the Solana mainnet.

Solana markets itself as a fast, reliable, and affordable blockchain, especially compared to Ethereum’s slower and more expensive infrastructure.

However, recent events show Solana has not lived up to these promises. What’s more, the situation has worsened after trading boomed following the launch of the Official Trump and Melania Meme tokens last month.

Solaxy helps Solana deliver on its initial promises by processing transactions off-chain through its native layer 2 network, easing the workload on the Solana mainnet.Solana markets itself as a fast, reliable, and affordable blockchain, especially compared to Ethereum’s slower and more expensive infrastructure.

However, recent events show Solana has not lived up to these promises. What’s more, the situation has worsened after trading boomed following the launch of the Official Trump and Melania Meme tokens last month.

Solaxy helps Solana deliver on its initial promises by processing transactions off-chain through its native layer 2 network, easing the workload on the Solana mainnet.Solana markets itself as a fast, reliable, and affordable blockchain, especially compared to Ethereum’s slower and more expensive infrastructure.

However, recent events show