1. Solana Price Flips A Major Resistance Level
2. Technicals Suggest The Solana Price Has Reached A Peak
3. A Meme Coin Staking Solution Like No Other

The Solana (SOL) price surged over 7% in the last 24 hours to trade at $138.62 as of 7:27 a.m. EST. This uptick in the SOL price comes after Solana Mobile announced at Token2049 in Singapore that it will ship its second crypto phone, Seeker, in 2025. Each device will also function as a crypto wallet, enabling more seamless crypto transactions.

Solana Price Flips A Major Resistance Level

The Solana price escaped a short-term bearish channel in the last 24 hours, flipping the resistance level at $137.40 into support. Should the altcoin maintain a position above this mark for the next 12 hours, then SOL might rise to the next major mark at $147.67 in the following 48 hours. However, closing a 4-hour candle below $137.40 could invalidate the bullish thesis, prompting traders to dump their holdings and test the $130 support level. Falling below $130 might see the Solana price re-entering the descending channel and testing the subsequent support at $120.

Technicals Suggest The Solana Price Has Reached A Peak

Technical indicators on SOL’s 4-hour chart warn that the Solana price is nearing a peak and could soon undergo a correction. Specifically, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are showing bearish signs. The RSI line has leveled off around 63, indicating overbought conditions. Historically, the Solana price and RSI have dipped each time this level is reached. Similarly, the MACD line has leveled off above the MACD Signal line, suggesting SOL’s positive trend is peaking. A downward move could initiate a new negative trend.

A Meme Coin Staking Solution Like No Other

Crypto All-Stars (STARS) is introducing an innovative staking solution for the meme coin sector, allowing investors to stake multiple meme coins on a single platform. Supported tokens include DOGE, SHIB, PEPE, FLOKI, and others. All staking rewards are paid in STARS, which can also be locked up for passive rewards. Over 687 million STARS tokens have been staked as investors capitalize on the high rewards available.

Following the announcement of the new Seeker crypto phone, Solana's price has shown strength, breaking key resistance levels. However, technical indicators suggest that a correction may be on the horizon. Meanwhile, innovative solutions in the meme coin market, such as Crypto All-Stars, continue to draw investor interest.