2 days Ago
Solana’s price recovery seems to be on hold for now, as the token is dealing with bearish slumps to recent support levels. After a brief surge took the Solana price to $145 in the past week, most traders were optimistic for a $150 breakthrough on the SOL charts. Now, however, the top altcoin has been rejected at the $148 price level, and the new DeFi project Remittix is already looking attractive for investments.
SOL traders might not be the most reactionary folks in the crypto market, but there may be a longer pause than expected on Solana's comeback. Remittix is stealing the show with its headlining presale and for good reason too. Hang on for more from the budding platform.
Solana Price in the Past Week This week began with considerable positives on the Solana charts, especially with the rally that eventually saw the token peak at $145. Speculations around the Solana ETFs and the SOL project's anniversary last week saw more activity on the blockchain, leading to a price recovery of sorts. All that momentum has been lost in the past two days, as the Solana price has been correcting since reaching its weekly peak.
The token currently trades at $126.19, which is down 2.04% on the weekly timeframes.
The Solana price was previously on a ride to resistance levels at $150 and $180, looking to break through on a price rally to $235. Initially, this week's correction was thought to be a regular part of the trading cycle. Now, however, there seems to be more to it.
Why is the Solana Price Stalling? Solana's apparent inability to hold a bullish trend lately could be a culmination of events that caused the token's dip all year. The token was first at the center of a rug pull on the LIBRA project, leading to distrust among traders. Then came the news of a Federal Reserve in the US, one that should have included the top altcoins but only featured Bitcoin.
The Solana price and traders experienced even more disappointment there, leading to worse selloffs on the Solana ecosystem. Now, the bullish momentum could be termed as weak at best, especially as the token keeps getting rejected at key resistance levels. Network activity and DEX volume have started dipping too, leaving the Solana price with little momentum for a spike.
Remittix (RTX) is doing the numbers already and it's safe to assume that the SOL traders are making their way to the budding PayFi project. Here's why. Remittix: Use Cases For Wider Crypto Adoption The gap between cryptocurrency and the traditional financial systems has been closing significantly over the past decade.
The introduction of decentralised finance has been instrumental in bringing both financial sectors even closer and Remittix is the latest effort from the DeFi space. Remittix is leading the onset of new crypto use cases, as the project offers crypto users a chance to send their crypto assets directly into bank accounts without any need for intermediaries. The use cases from utilities like that are extensive, as crypto coins can now be used directly for online payments into fiat bank accounts.
Instead of converting cryptos into stablecoins on exchanges and incurring more gas fees and bank charges, Remittix is offering a faster, more efficient alternative. Users only need to supply the recipient bank account’s details and pay the gas fees on the Remittix platform and the smart contract handles the rest of the transaction. The Remittix platform already supports a host of global fiat currencies, about 30 of them, along with 40 cryptocurrencies, so traders can never be truly stranded.
With its plans for expansion, users can only expect the platform to support even more currencies. For now, everyone is stocking up on RTX coins from the presale. Join the Remittix Presale Here! The RTX coins are selling fast, with each of them worth about $0.
0734 currently. The value is set to spike as the presale progresses and investing now means you have a chance for presale profits. But the huge spike is expected to come after the Remittix platform launches.
Experts have tipped the token for 130x returns and the presale is the only way to get your RTX coins. Don't miss it; buy your Remittix tokens today and get set for massive returns in 2025! Website: https://remittix.io/ Socials: https://linktr.
ee/remittix Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e.
designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
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