- Solice has less than 12% of the supply in circulation.
- The price of the SLC crypto has dropped by 21% over the last one year.
Solice is a virtual reality metaverse on Solana, allowing users to play, create, own, and monetize virtual experiences. It supports multiple platforms for seamless interaction, fostering exponential user growth.
Users collect pets, gems, and NFT collectibles, develop assets, and earn tokens by completing quests, all governed democratically via the Solice native token.
The trading volume of the Solice crypto has witnessed an advance of 44.69% in the last 24 hours. The crypto’a market cap ranking is #4407 in the global cryptocurrency market.
The value of the traded volume for the Solice crypto in the last 24 hours is $39.9K, while the volume/market cap ratio of the crypto is 30.58%, making it highly liquid.
The circulating supply of the crypto is only 43.2M SLC, which is 10.8%, while the total supply and the maximum supply of the crypto are the same, resulting in 400.0M SLC. The fully diluted market cap of the crypto is $1.104M.
The all-time high price recorded for crypto is $ 4.96, recorded on January 16, 2022. Since then, the trading price of crypto has declined by 99.95%. The crypto’s sentiment is also bearish, and volatility is quite high, at 15.37%. Also, the price is not trading with any fiat currency.
SLC Crypto Technical Analysis
The SLC crypto price is following a strong downtrend, followed by strong bearish candlesticks on the weekly chart. After declining to the lower levels, the price of the SLC crypto is currently revolving around a small zone showing a range-bound zone.
SLC/USDT Chart by TradingView
The SLC crypto price shows bearish behavior on the daily chart as the 20-day and the 50-day EMAs have formed a fresh bearish crossover, followed by a pre-existing death cross of the 50-day and 200-day EMAs.
The MACD and the signal line are trading in a bearish crossover and have declined below the zero level. The histograms also support the weakness in the price of the crypto.
The RSI has declined to oversold zones and is currently trading at 30.7. It further indicates a bearish cycle in the RSI followed by a decline below the 14-day SMA.
Summary
The Solice crypto, trading within a narrow range, faces a bearish sentiment with a 21% price drop in the last year. Despite a recent trading volume increase, only 12% of the supply is in circulation. The highly liquid token, SLC, powers a virtual reality metaverse on Solana, offering interactive experiences and governance via its native token.
Technical Levels:
- Support Levels: $0.00068 and $0.00245
- 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.