- The current price is moving toward the $0.00336 bullish point of interest (POI).
- SLC cryptocurrency weekly returns have declined to 20.92%.
- The trading volume of Solice has increased 9.25% in the last 24 hours.
Solice (SLC) is a virtual reality (VR) metaverse where users can earn tokens and other rare assets by participating in the metaverse. The metaverse exists on the Solana blockchain with the support of multiple platforms, removing barriers such as disparate hardware, software, and operating systems. SLC is a native token of Solice, by which the users will experience a democratic governance mechanism based on a liquid democracy.
Solice Crypto Recorded Over 350% Returns In The Last Six Months
SLC token price has experienced massive buying from the $0.00129 level in December 2023. The cryptocurrency reflected over 1000% bullish rally and 412.01% positive returns during that month. Subsequently, the token value faced some negative drawbacks in January 2024 due to the profit bookings from the $0.01522 resistance.
However, a positive upsurge in the token price happened from the $0.00285 bullish point of interest (POI) in February 2024. This became an attractive opportunity for crypto traders. They jumped right on the $0.00290 level in March and raised the price above 150%. In April 2024, Solice price witnessed a bullish correction.
Supply, Valuation, & Distribution Of Solice (SLC) token
The maximum supply of the Solice token is locked at 400 million, of which 399.99 million tokens are in current circulation. The total diluted valuation of the project is estimated at around $1.51 Million, which is also the current market capitalization of the cryptocurrency.
9,285 investors are holding the SLC tokens, and are distributed in the following ways:-
The top 10 token holders collectively own 312.84 million tokens, which covers 78.21% of the current supply. The remaining other accounts own 21.78%.
Technical Analysis Of Solice (SLC) Price
The crypto price has been facing dynamic resistance from the 200-day key exponential moving average. It slipped below the 50-day EMA in the past two trading sessions, indicating a negative signal in the current phase.
Solice price is moving toward the $0.00336 bullish POI after facing resistance from the $0.00713 level. Earlier, the price reflected over 120% bullish rally from the $0.00336 POI. This makes that level a strong demand zone for the buyers. If the price reaches that level, it might get strong bullish reactions. Or, if the price gives a sharp closing above $0.00474, the price rose to the $0.00788 resistance.
The relative strength index (RSI) is reflecting a neutral perspective on the price momentum. The RSI is moving at 40.42 below the 50-mark middle band.
Summary
The Solice cryptocurrency price has shown enormous bullish strength from the $0.00285 Demand zone. The price reflected over 400% and 160% bullish rallies from that level. At present, the price is moving toward the $0.00336 bullish POI. If the price gives a sharp closing above $0.00474, the price may rise to the $0.00788 resistance.
Technical Levels
- Resistance Levels: $0.00474 and $0.00788
- Support Levels: $0.00285 and $0.00162
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto or stock comes with a risk of financial loss.