Solice Crypto Stabilizes Near Lows: Are Buyers Accumulating?

The Solice crypto is stabilizing at the lows after the bears failed to form a new low. The crypto is witnessing a swift bullish outlook for the second consecutive and has started the week at a positive note.

Moreover, the failure of bears has helped the buyers accumulate near the lows. Currently, on the higher side, the sellers have established themselves near the 50-Day EMA.

The SLC crypto has currently lifted off from the lower boundary of the consolidation and has more room till the 50-Day EMA at $0.0033 on the upside. If the momentum resumes then further breakout of the consolidation may be noted on the charts and the crypto reverses its course to turn positive in the short term.

However, the short term trend is still neutral to bearish which can’t be neglected at the moment. If the crypto receives selling volume near the recent supply it may break on the lower side to resume a short term downturn. 

Fresh downside moves may be observed on the charts after the successful breakdown of the $0.0025 level which is also the lower boundary of the consolidation. 

Solice Price Technical Analysis

From a technical perspective, Solice crypto price hovers below the 50 and 200-Day EMAs are suggesting a bearish outlook in the short term as well as long term. Currently, the crypto hovers near the 20-Day EMA and has tested multiple times making it weak. 

Any breakout above the 50-Day EMA may unlock the price potential till the higher supply levels of $0.0035 and $0.0040. At the time of writing, RSI line was placed at 42.33 points and the 14-Day SMA line was at 42.3 points suggesting a sideways outlook in the short term.

Solice Price Volume Analysis

The volume analysis shows that the SLC crypto received $41.951 Million Volume in the past 24 hours which is 1.90% less than that of the previous day. The volume to market capitalization ratio is 33.68% suggesting high volatility.

Solice Price Prediction for February 2024

The positive view of analysts predicts an upside potential of nearly 17% in February 2024, till the upper boundary of the consolidation and 50-Day EMA. It could take the SLC token price near $0.0033. ALso, if the bulls are able to conquer $0.0033 level then more upside potential till $0.004 and $0.0045 level may be unlocked.  

On the contrary, the bearish view of analysts predicts that the price could drop to the $0.002 and $0.0015 levels if it breaks below the lower zone of consolidation. 

Solice Price Prediction for 2024

The price prediction for 2024 shows that the SLC token may advance to a high of $0.0053 by the end of 2024. The less optimistic analysts estimate a price target of $0.0042 by the end of the year.

Solice Price Prediction for 2025

Over the next two years, The SLC price may reach $0.00726 mark, suggesting an upside potential of 156.82% by 2025. The pessimistic view is that the price could reach $0.0052 by the end of the financial year 2025.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.