Saturday, February 24, 2024

SILLY Dragon Soars: Solana Meme Coin Eyes 40% Gain After Bullish News.

The price of Silly Dragon (SILLY) is about to produce a breakout that might initiate a reversal of the trend and a double-digit recovery surge. For investors who are patient, the meme coin with a Solana basis could yield substantial profits.

SILLY pricing is probably going to start a trend
Since December 27, 2023, the price of silver has been declining, losing about 64% of its market value. However, the current movement has produced a range that goes from $0.0676 to $0.11, suggesting that a bottom may be approaching.

The price of silver has produced a higher low and higher high, showing a change in the market structure following a swing low of $0.0653 on January 6. The second indication that stranded buyers are beginning to place bids is this action.

It will signal a trend reversal and possible rebound if the price of SILLY regains the range bottom around $0.0676. Investors can profit from a mean reversion play in this scenario, pushing the Solana-based meme coin Silly Dragon back to $0.0933. In comparison to the current price of $0.0736, this move would represent a gain of almost 40%.

If this trend continues and more money enters the market, the price of silver might retest the range high of $0.11.

However, the SILLY price may return to the $0.0653 to $0.0702 demand zone if it is rejected from the range low of $0.0676. The bullish thesis will be refuted if this support zone is turned into a resistance zone.

The price of silver could drop 8% and retest the next important mark of $0.060 if the selling momentum continues.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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