Price Prediction: Solana eyes 25% jump and HUH Token Rockets Over 900% and Looks for Further Gains

Solana's price performance has been disappointing recently, particularly following the December 4 flash crash. However, things may be about to change as SOL presents an attractive buy opportunity.

Meanwhile new cryptocurrency HUH Token has rocketed 900% since launching on Monday and looks set for further gains.

Solana (SOL)

Solana

Solana is attempting to retest previous highs. Between December 6 and December 7, the price of SOL increased 14%, reaching a swing high of $204 on December 6. This run-up was unable to collect liquidity above $207 and has since retraced 6% to the current level of around $190.

SOL is looking to sweep the swing high at $240 and collect the buy-stop liquidity resting above it. This run-up would represent a 25% ascent from the current position.

However, there is a possibility that investors will continue to book profits. In this case, Solana's price may fall to the weekly low at $176 before initiating an upswing. In this scenario, SOL will target a 17% increase to $207. If buying pressure continues to build, the "Ethereum killer" could reach $228 and eventually surpass the $240 barrier. In the latter case, a move from $176 to $240 would result in a 35% increase in SOL's value.

While things appear to be improving for Solana, a breakdown of the $171 support floor indicates that buyers are taking their time reviving their position. SOL is in the safe zone as long as bullish momentum begins here. However, if the bears succeed in bringing SOL down to a swing low below $163, the bullish outlook described above will be invalidated.

HUH Token (HUH)

HUH 1-Hour Chart According to TradingView

HUH Token has rocketed over 900% since its launch on Monday and shows no signs of slowing down.

HUH Token (HUH) is available via PancakeSwap and its debut surge in price could be attributed to strong presale levels and solid fundamentals.

HUH formed a support level at $0.00002700 before breaking its resistance at $0.00003130 and has continued making higher highs, with no signs of slowing down. Trading volume has been steadily increasing with over the past 24 hours.

HUH 1-Hour Chart According to TradingView

Over the past 24 hours HUH has seen over $900 000 in trading volume, taking its market cap to over $26.4 million.

The new cryptocurrency dubbed a "utimeme" aims to rival other meme tokens with enhanced utility and features.

HUH Token features an innovative, intelligent chain-based referral system. Using the code provided at the time of purchase, a holder of HUH Token can refer an unlimited number of people. This referral programme then compensates the holder with 10% of that new person's first HUH purchase. This 10% commission is paid in either Binance Coin (BNB) or Ethereum (ETH), depending on the exchange used for the transaction.

HUH's value also increases over time in a holder's wallet, which means that the more tokens they keep, the more tokens they receive. Currently there are over 2000 holders of HUH.

Another reason for the new cryptos launch success was its ability to go viral, with various news articles appearing on major crypto and financial news websites.

What may also be enticing investors is HUH Token's announcement of $1 million in liquidity, which will be locked in for at least two years to promote stability and security.

Follow HUH Token:

Telegram: https://t.me/HUHTOKEN

Website: https://huh.social

PancakeSwap: https://pancakeswap.finance

Twitter: https://twitter.com/HuhToken

Instagram: https://www.instagram.com/huhToken/

(Disclaimer: This is a sponsored article and includes some commercial links.)