Solana (SOL) entered April in a critical technical formation. Currently trading at $130, traders see the $125 as a battleground. If the token drops below this level, analysts have noted that it could test the $58 price mark. On the other hand, a move close to the $140 resistance level may trigger a $69 million squeeze, pushing the token toward the $294 price mark.
The price of Solana can also be influenced by upcoming events like the CME Solana (SOL) futures launch and the proposed ETF could influence the move. However, open interest in Solana (SOL) derivatives is dropping, causing traders to hesitate despite the bullish predictions. Meanwhile, the increase in attention that Coldware (COLD), a Web3 altcoin on the rise despite market-wide warnings, is pushing investors to move from legacy layer-1 tokens like Solana towards emerging tokens with RWA exposure and utility.
Coldware (COLD): Quiet Momentum, Loud Potential
While tokens like Pi Network ($PI) and Solana (SOL) are putting up resistance, Coldware (COLD) is already experiencing a price increase. Presently up by 20% in what people consider a bear market, Coldware (COLD)is grabbing the attention in April’s altcoin market run. The token is not just a speculative asset, providing real world applications in Web3 hardware, point of sale solutions, and secure edge networks.
Unlike Solana (SOL) which is still looking for use cases beyond the DeFi and NFT sectors or Pi Network $PI) which is yet to secure a major listing, Coldware (COLD) is launching infrastructure partnership in the real world and a capped token supply.
Pi Network ($PI): Resistance or Revival?
Pi Network ($PI) has rested around the $0.8 price mark, struggling to break past the $0.86 resistance mark. With about 6.77 billion tokens in circulation and more set to be released, the project is facing fears of inflation. Still, traders are still hopeful. The Relative Strength Index (RSI) of Pi Network is around 42.63, showing that the token is yet to enter the oversold region.
If Pi Network ($PI) breaks above the $1.22 resistance, the token could attempt to enter the $3 price mark, registering a new all-time high. Technical analysis currently shows a descending triangle pattern, meaning that a drop is presently ongoing. Meanwhile, MACD indicators reveal the bears are in the market, but there is still enough room for reversal.
Which One Wins April?
Solana (SOL) could see price gains if institutional interests increase. Pi Network ($PI) too could do well if it breaks the $0.86 resistance. But Coldware (COLD) has the biggest potential out of all three, using qualities like real-world utility and Its tokenomics amongst other things to power its rise.
In this top three showdown, Solana (SOL), Pi Network ($PI), and Coldware (COLD) are worth watching, but it is Coldware (COLD) that could be the biggest surprise.
For more information on the Coldware (COLD) Presale:
Visit Coldware (COLD)
Join and become a community member:
