- Summary:
- The implementation of Dexlab's token minting facility (MintingLab) on the Solana platform could enhance Solana price prediction bets in the medium term.
A new facility to mint tokens on the Solana platform has been launched by Dexlab. The new facility, dubbed MintingLab, requires no coding knowledge or experience. All that is required is using the DEX Launchpad, and the user can mint, issue and publicise tokens on the Solana platform.
One of the features that make MintingLab adaptable for easy self-use is the SPL Wallet. There is also a Deposit Management System and an Editor Suite that allows users to tweak data of recently minted tokens.
Hopefully, the MintingLab facility will improve the adoption of the Solana platform, allowing the Solana token to get some much-needed demand in the market. The Solana/USD pair is presently trading lower by 0.51%.
Technical Outlook for Solana
Solana price prediction bets remain neutral after the price recovery stalled at the 61.8% Fibonacci retracement level of 29.645. The pinbar has been followed by a doji candle at that level, with bears needing a bearish outside bar to complete a run towards the 24.050 support. Below this level, 18.980 (23 May low) forms an additional pivot to the south.
On the flip side, a break above the 29.645 barrier allows the price to target 35.122 (50% Fibo retracement), with 37.375 and 40.600 (38.2% Fibonacci retracement) forming new barriers to the north.
Solana: Daily Chart
