Solana’s recent price movement has significantly dipped over the past few days, below the $175 level. However, reclaiming the $190 level could help the SOL token reclaim a bullish outlook. In the meantime, one of the emerging meme coins, ChowWow (CHOW), built on the Solana blockchain, continues to attract more investors in just stage one of its presale, where the $CHOW token is selling at just $0.008.
The ChowWow project stands out owing to its unique proposition. It allows ChowWow to deliver interactive play-to-earn prospects, enabling users to enjoy DeFi-based games while being rewarded with valuable digital assets.
Solana Price Eyes Surge to $220, But Loosing $190 Could Ruin Everything
Solana has extended its dip below the $175 level, but technical analysis continues to trade within a bullish outlook. The Solana price continues to trade within a key support level that might determine the next significant price movement for the SOL token.
Solana price movement | Source: TradingView
Technical analysis suggests that Solana’s price is trading in a parallel channel that could drive the SOL price to new highs, but a hold above the $190 support level is significant to the outlook. The Solana price’s past week’s action has been highlighted by a notable resistance at the $205 level, leading to a significant dip below the $175 level. The SOL token has faced rejection at this price point around three times in the past seven days.
- The rejection has been notable, considering that the price of Solana hit a new ATH of $293 in the past 30 days. However, despite the fluctuations, technical indicators suggest the Solana token remains in a well-defined parallel channel, directing Solana’s price movement since July 2024. Â
Here is How ChowWow Is Quickly Becoming One of The Best ICOs of 2025
The idea behind the ChowWow project emerged from the Chow Chow dog breed, which symbolizes unshakeable loyalty and good fortune. The ChowWow mascot is the dog dressed in red, a color traditionally associated with good fortune in Chinese history. The $CHOW token, therefore, aims to bring good fortune to its investors, promising a higher ROI in the coming months.
The ChowWow tokenomics are designed carefully, with a total supply of 888,777.000. 50% of the total supply has been allocated for the presale stages, with the remaining 50% being distributed strategically across different sectors, including marketing, team distributions, staking rewards, gaming rewards, and community-driven airdrops.
Besides its gaming feature, the $CHOW token will offer staking facilities for token holders to become part of the development and growth of the project while enjoying rewards for their staking activity in the process. This showcases the project’s commitment to engaging its community by organizing meme contests, which will encourage active participation and creativity. With a starting price of just $0.008, the $CHOW token offers a unique early entry opportunity for investors wishing to capitalize on the anticipated gains of the token.
ChowWow to Capitalize on The SOL Blockchain for Massive Gains in 2025
Solana’s price must reclaim the $190 level for the token to regain a bullish outlook in the coming days. On the other hand, ChowWow is looking to capture meme coins’ built-in entertainment value while introducing functional utility into the equation. This will add more depth to the consumer experience while making ChowWow appealing.
