Solana Shines as Cup-and-Handle Patterns Signal Bullish Moves in Crypto

Solana, Tau, FOXY Show Bullish Potential with Cup-and-Handle Patterns

October 25, 2024 at 06:48 PM GST

Updated: October 25, 2024 at 01:20 PM

2 mins read

Technical Analysis:

Solana (SOL) has formed a cup-and-handle pattern, suggesting bullish potential. It is consolidating near support at $166.09, aiming for resistance at $212.62.

Tau (TAO) is also showing a cup pattern, indicating market indecision. It is currently trading near resistance at $628.74.

FOXY has formed a cup-and-handle and is approaching resistance at $0.011.

Dogecoin (DOGE) is testing support at $0.13812, with potential for upward movement towards resistance at $0.16121.

Sharpei: A Memecoin with Real-World Utility

Sharpei is a unique memecoin on the Solana blockchain that combines fun with utility. It aims to bridge Web3 and Web2 through QR-code payments.

Key Features of Sharpei:

• Partnerships with cafes and hotels for practical applications.
• Emphasis on loyalty, friendliness, and adventure, fostering community engagement.
• Fair tokenomics with 90% allocated for liquidity and 10% for airdrops.
• Plans to buy and burn SHAR tokens to enhance value over time.

Disclaimer:

Crypto News Land is an independent media entity that provides unbiased information about the blockchain and cryptocurrency industry. All information presented is believed to be accurate but should not be construed as investment advice. Readers are encouraged to conduct their own research and consult with a qualified professional before making any investment decisions.