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The US currency has risen 134% in the past 24 hours to trade at $0.000009330 USD as of 3:20 AM EST on a trading volume of $307 million.
US currency price prediction: Strong buying momentum
The USD/USD pair is showing a parabolic rise on the 30-minute time frame, followed by a sharp correction and consolidation near the critical support area. Initially, the price saw a rise, rising from around $0.00000050 to a peak near $0.00000300.
This rapid upward movement followed a steep parabolic curve, indicating strong buying momentum, likely driven by speculation or rising demand.
However, after the price reached its peak, it entered a correction phase as profit-taking began, leading to a sharp decline. Currently price Trading at $0.0000009330Decreased by 14.23% during the day.
It has bounced off its highs and is now settling near the support zone between $0.00000085 and $0.00000090. This level roughly corresponds to the previous consolidation phase that occurred before the parabolic rally.
USAUSD analysis source: Dextools.io
The 50-period moving average (MA), currently at $0.000001184, is acting as dynamic resistance, and a break above this level would signal a potential bullish rebound. Indicators like MACD and RSI give mixed signals. The MACD histogram remains negative, reflecting bearish momentum, but the shrinking bars indicate that selling pressure is waning.
Meanwhile, the Relative Strength Index (RSI) is at 45.14, near neutral but leaning towards oversold territory, indicating a potential recovery if buying pressure resumes near the support area.
The consolidation phase at the current level is crucial to identifying the next major price movement, with indicators suggesting that downward momentum may be weakening.
The price is at a pivot point. If it holds the support zone around $0.00000085 – $0.00000090, a bounce towards the 50 SMA at $0.000001184 or higher resistance levels near $0.00000150 is likely.
On the other hand, a break below this support could trigger a deeper bounce, with the next major support potentially being near $0.00000050, where the previous rally began.
Solana Layer 2 Presale Solaxy Closes at $12 Million – Is It Better to Buy Cryptocurrencies Now?
As the US currency pumps in, investors also flock Sollax (Solex)a new Solana-based meme and the first-ever Layer 2 solution on the Solana Network that has raised over $11.9 million in pre-sale funding.
This project comes at a time when the Solana blockchain is experiencing severe congestion, leading to delayed and failed transactions. The problem has been exacerbated by the recent rise in the value and trading volume of TRUMP, the official currency launched by incoming President Donald Trump.
To address these challenges, Solaxy offers a layer-two solution designed to enhance Solana’s performance without modifying its main architecture. This approach reduces the computational burden on the main chain, resulting in improved speed and scalability.
Solaxy will support both $ Ethereum and $ sol With its strong scalability, and describing itself as “the world’s first Solana L2” this product looks very bullish!
with $Solex You are entering an exciting new layer 2 #memecoin So luminous 🚀
Dior – https://t.co/UuZScpnmos pic.twitter.com/hzXiY5CDv8
– Jacob Crypto Bury (@BuryCrypto) January 2, 2025
Additionally, Solaxy integrates support for both $ETH and $SOL, making it a versatile option for cross-chain activities. Branding itself as “the world’s first Solana L2,” Solaxy offers a combination of technological innovation and meme-coin appeal, which has already sparked excitement in the market.
Apart from solving scalability issues, Solaxy bridges the gap between Solana and Ethereum. The combination of the security and liquidity of Ethereum and the speed and efficiency of Solana creates a powerful ecosystem for decentralized finance (DeFi) applications. This integration can open new opportunities for users and developers alike.
Investors can also stake their SOLX tokens for a whopping 306% annual return.
A prominent cryptocurrency analyst from YouTube channel 99Bitcoins even predicted that Solaxy could achieve a 100x pump after its official launch.
Currently, SOLX tokens are available at a pre-sale price of $0.001606, with purchases supported via BNB, ETH, USDT or bank cards.
With the pre-sale price rising in just over a day, interested investors should buy soon to get the best deal.
Buy SOLX tokens here.
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