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Solana’s price shows bullish divergence, signaling potential price increase. JasmyCoin’s price may see upward movement within a larger correction phase. Analyst predicts SOL could reach $600, JASMY’s outlook less certain. Crypto analysts are closely watching recent price fluctuations in Solana (SOL) and JasmyCoin (JASMY), offering insights and predictions based on technical analysis and market trends. Prices for Solana have been volatile, but analysts predict SOL could cost between $150.51 and $173.16 by mid-June 2024. Current market activity and technical patterns support this price growth. Crucially important are Circle’s programmable wallets on Solana and Helio’s Solana Pay plugin for Shopify merchants. These integrations may boost usage and adoption by enhancing the e-commerce and Web3 services capabilities on Solana. Additionally, Evai CEO Matthew Dixon detected a Solana bullish divergence. He clarified that the RSI makes lower lows while SOL makes higher lows. This bullish divergence, with higher lows in the RSI and lower lows in the price, indicates a potential trend reversal. #SOL is demonstrating Hidden Bullish Divergence shown by the red lines (Higher lows on $SOL price, Lower RSI lows)Followed by Regular Bullish Divergence (Lower lows on Price, Higher RSI lows)The movement down is also corrective and so conclude #Solana price will head higher pic.twitter.com/IqPhCaV9rA — Matthew Dixon – CEO Evai (@mdtrade) June 14, 2024 Dixon came to the conclusion that the price of SOL ought to climb because the decline is corrective. Market expectations are for SOL to increase, and this technical analysis supports that. Solana also has solid long-term projections. Some analysts predict SOL will hit $600 because of its robust network adoption metrics and growing TVL in its DeFi ecosystem. Technical patterns also point to a possible brief increase to $200 if certain resistance levels are breached. Shifting focus to another token generating analyst interest, JasmyCoin (JASMY), known…

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Filed under: News - @ June 15, 2024 2:16 am