After the deep correction in the Bonk and Solana prices over the past few months and the increased volatility caused by macroeconomic factors such as the US-China trade war, the attention has shifted from hype-driven meme coins like Bonk. Investors are now focusing on practical projects, such as Unilabs, that have a more stable growth potential.
Solana completely revolutionized the crypto world by providing a network that holds a sea of meme coins, many of which have developed into large-scale communities and are leading the meme sector, such as Bonk. Now, experts believe that the rising utility star Unilabs (UNIL) can be the next project to transform the crypto market and perform better than the Solana price.
As the market enters a phase of potential reversal, Unilabs has captured a significant portion of SOL investors who are looking to invest in early-stage opportunities. The newly launched UNIL token presale has amassed over $400,000 in less than 10 days of its launch, successfully kickstarting the project’s explosive growth.
Solana Price Faces Crucial Resistance: Is SOL About To Explode?
The Solana price experienced a steep decline from January to April, losing 70% in value. With the overall market recovering in April, SOL bounced from the $95 support level, making a sharp reversal, and has risen nearly 60% within three weeks, breaking its three-month downtrend.
Image Courtesy: TradingView
It has been trading below the $172 resistance for the past week and is currently at $169 after a 0.7% intraday decline.
Zooming out on the daily chart, SOL has formed a textbook cup and handle pattern. A breakout from the immediate resistance could spark a chain reaction, fueling the Solana price to reclaim previous highs.
BONK Slows Down Mid Rally, Will It Continue?
Similar to SOL, Bonk also faced an extended correction, dropping to a low of $0.000009 in March. It recovered from this plunge but revisited the same level, leading to a double bottom pattern. On Monday, the price touched a high of $0.00002175, reflecting a remarkable 140% gain in just three weeks.
However, Bonk has experienced four consecutive bearish days and dropped to the $0.000020 support, currently trading at $0.00002029. This could be a minor pullback to grab liquidity before continuing the run to the next crucial price level at $0.000025. But if the support fails, it could drop back to $0.0000155.
Unilabs (UNIL): Capture The Next Solana At An Early Stage
Despite the possibility of another Bonk and Solana price rally, investors’ focus is on Unilabs, the first AI-powered DeFi asset manager with $30 million in assets under management, which is solving a major issue in crypto investing.
Unilabs aims to provide users access to institutional-level investment opportunities through AI-managed fund baskets that invest in the fastest-growing projects to produce the highest market returns. It has four main baskets: BTC, AI, RWA, and Mining, which have capital distributed in a collection of projects according to the niche.
The AI and machine learning algorithms developed by the Unilabs team scan the entirety of rising crypto ideas 24/7, filtering out the junk, analyzing growth potential and risk levels, and determining the right entry points to produce balanced and high-performance portfolios for users.
All of the yield generated by the funds is automatically transferred to the investors in the form of periodic dividends based on their invested amount.
The presale for the native token UNIL went live recently, and demand for the undervalued asset has skyrocketed. Its price has surged from $0.004 in stage one to $0.0051 in the current stage two and will continue increasing until the listing to $0.0062 in stage three and so on.
Final Take
While the Bonk and Solana prices recover with the broader market, Unilabs has gained investor confidence with a high-demand real-world use case. The AI fund manager could capture a major share of the global financial market and become one of the large-cap crypto projects. Early investors have an opportunity to make it big by getting in early in the UNIL presale.
Find out more information about Unilabs (UNIL) by visiting the links below:
