The latest market developments show a bearish pattern forming for SOL/USD investors after analysts reviewed the Solana price prediction for June. As a result, SOL/USD is losing traction, signaling chances of high selling pressure in the network. On the flip side, Unilabs (UNIL) is getting attention from most institutional investors for its robust platform fundamentals.
While SOL/USD investors are losing confidence in the altcoin after the latest Solana price prediction dropped, Unilabs (UNIL) is challenging the norms of DeFi investment with smart blockchain finance solutions. This modern-gen DeFi asset manager is attracting SOL/USD whales to its $30 million assets under management (AUM) portfolio for 10x gains.
Unlike the recent Solana price prediction fiasco, Unilabs (UNIL) is delivering generational profit opportunities to investors with its premium set of products. The platform’s AI-backed ‘Launchpad’ uses real-time market data and machine learning to spot projects that offer outstanding fundamentals and lucrative growth opportunities in the volatile crypto market.
While Unilabs (UNIL) is only a few months into the trillion-dollar market cap, its significant million-dollar assets under management have earned it a strong following among investors. As a result, SOL/USD are chasing Unilabs presale after the recent Solana price prediction rolled out. Solana could face more price corrections in the future if the selling pressure doesn’t stop.
According to senior analysts, the recent downturn observed in the Solana network shows that the broader investor and trader community is looking elsewhere for restoring gains and recovering losses from SOL/USD. As an AI-powered asset management network, Unilabs is gaining institutional interest from SOL/USD holders amid the bearish signal development.
Solana (SOL) has come under pressure this week as the crypto market crash accelerated. After peaking at $187 last week, the coin has pulled back to $159, and there are signs that the sell-off will gain momentum. SOL/USD is trading at $164 today, down by 45% from this month's highest point. The daily Solana price prediction shows that SOL/USD is at risk of further downside soon.
That’s because SOL/USD has formed a double-top pattern at $184.5 on the twelve-hour chart. This pattern is made up of two peaks and a neckline, which, in this case, is at $159.45. A double-top pattern is one of the most accurate chart patterns in technical analysis as it sends a signal that investors are afraid to buy an asset above a certain price.
Following the Solana price prediction, investors are afraid of placing bids above the double-tbop point at $184.5 and the 50% Fibonacci Retracement level at $195. It has moved below the 50-period moving average, a sign that bears are in control for now. Also, the RSI and other oscillators have all pointed downwards, signaling that the downtrend is continuing.
The distance between the upper side of the double-top and the neckline is about 14%. Measuring the same distance from the neckline brings the target price to $136, which is a few points below the 23.6% retracement point.
With the latest Solana price prediction losing traction due to the massive outflow in the network, Unilabs (UNIL) is witnessing explosive growth in its ongoing presale stage 2 after hitting the major million-dollar milestone recently.
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