- The price of the Solice crypto has declined by 100% from its all-time high.
- The crypto price is not trading with any fiat currencies.
Solice is a VR metaverse on Solana blockchain offering a diverse range of experiences from gaming to creation and socialization. Users can own, create, and monetize virtual assets, fostering exponential growth. With democratic governance via a native token, Solice empowers users to shape the metaverse according to real-world inspiration and rules.
The price of the SLC crypto has witnessed a decline of 9.94% in the last 24 hours and is currently trading at a level of $0.004816. The market cap of the crypto is trading flat over the last 24 hours and its value is $218.78K.
The traded volume for the Solice crypto has advanced by 9.7% in the last 24 hours and the traded volume for the crypto is worth $38.7K. The market cap ranking of the crypto is #4320 as per CoinMarketCap.
The self-reported circulating supply of the crypto is 43.2M SLC resulting in a fully diluted market cap of $1.926M. Also, the total supply of the crypto is 400.0M SLC which is similar to the maximum supply.
About two years ago, on January 16, 2022, the Solice crypto hit its all-time high price of $4.96 and since then it declined by 99.9%. This shows the strong dominance of sellers in the crypto price.
Also, on October 21, 2023, the all-time low price of $0.0007732 for the crypto was recorded and the price of the crypto since then has advanced by 555%.
The sentiment of the crypto is bullish as per Coincodex and the volatility of the crypto is very high resulting in 15.78%. This indicates the possibility of uncertain spikes in the price of the crypto.
SLC Crypto Technical Analysis
The price of the SLC crypto has been consolidating and has been trading with high volatility inside a range. The price further witnessed certain spikes on both the directions but has been unable to sustain to higher levels.
On the bigger picture, the price of the crypto can be seen following a very strong downtrend. Also, there are no signs of reversal in the price of the crypto which indicates that the price of the crypto might continue to decline to lower levels.
SLC/USDT Chart by TradingView
The popular EMAs such as the 50-day and the 200-day EMAs are trading in a bearish cross and the price of the crypto is trading between the EMAs. The following behavior of the crypto represents a weakness in the trading price of the crypto.
The MACD indicator further supports the weakness denoted by the EMAs on the daily chart. This is followed by a bearish cross of the MACD and the signal line and the histograms formed on the MACD are also bearish.
The RSI is still sustaining above the 50-level but the RSI has recently broken below the 14-day SMA. This further indicates declining momentum in the crypto price.
Summary
Solice (SLC) crypto, despite its VR metaverse potential, has plummeted 100% from its all-time high, reflecting strong seller dominance. With high volatility and a downtrend, the price struggles to sustain higher levels. Bearish indicators like EMAs in a cross, MACD bearish cross, and declining RSI momentum suggest a continuation of the downward trend.
Technical Levels:
- Support levels: $0.000750 and $0.003700
- Resistance levels: $0.01520 and $0.03450
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.