.png){kind=logo}
The aggregate market capitalization of the market is down by approximately 8.66%, reflecting the current market slump. Top altcoins like Ethereum (ETH) and Solana (SOL) are trying to hold despite increased bearish pressure.
Ethereum price seems to be in an extended decline since the start of last week, prompting many to wonder what’s ahead. Meanwhile, a renowned analyst shared his opinion on Solana price prediction amid SOL's recent struggles. The recent Ethereum price and Solana price performance have spurred potential shifts to more profitable options.
The promising potential of Remittix's $RTX trajectory has drawn global interest. Remittix has been identified not just as one to watch but one to invest in certainly.
Solana erased all profits from its latest rally, raising questions about its future performance. Amid this uncertainty, a renowned market analyst hints at Solana breakout. This Solana price prediction has drawn the attention of investors, who are now kneeling observing SOL's market movements.
At the time of writing, SOL is buying and selling at $198.03, with a modest 1.89% daily nudge. Solana’s chart shows that SOL formed an accumulation range in the four-hour timeframe on Sunday. The accumulation-distribution line is on an uptrend, implying investors are buying the dip. This increased buying pressure could reverse Solana's price action to the upside this week, making the bold Solana price prediction a possibility.
A number of market enthusiasts also support the Solana price prediction of a breakout, suggesting SOL's recent dip might be a mild correction.
Ethereum seems to have fallen victim of the general market slump. According to data from CoinMarketCap, Ethereum’s value dipped by approxiamately 10.06% last week. Additionally, Ethereum price suffered a mild 0.13% drop and a 1.88% decline in trading volume over the previous 24 hours. Despite this downward movements, the Ethereum price has demonstrated market resilience, consolidating above the $3200 support.
Market metrics show that the ETH value might keep holding before a potential breakout above key resistance levels. Experts support this potential retracement in the Ethereum price movement, citing how Ethereum price has seen massive rallies in the past following tests of key support levels. There’s a possibility that history might repeat itself, potentially setting up the Ethereum price for a bullish resurgence, leading to a significant upward movement if investors regain confidence.
The next ETH crucial resistance is at $3500, just shy of its 50-day EMA at $3427. A clear break above this level this week could push Ethereum price towards a new year-high before February. On the flip side, if sell-offs persist and the bulls fail to maintain their position, we may see ETH hit a lower low this week.
Investors are drawn to the market potential of Remittix ($RTX) primarily for its mission to revolutionize the DeFi space in 2025.
Remittix's mission is centered around helping users and businesses bridge the gap between cryptocurrencies and traditional payment options. With the aid of Remittix's unique technology, businesses would be able to make fiat payments using cryptocurrency assets effortlessly. Users will now be able to make payments directly to local fiat accounts, even in underbanked regions, revolutionizing the way transactions are conducted. Remittix promises to eliminate unnecessary delays and exorbitant charges, enhancing accessibility for many.
In an exciting development Remittix has launched an ICO for $RTX raising over $2.7 million in the process, this swift accumulation aligns with the growing trend to get on early on projects for huge profits.
Currently in its presale phase and trading at just $0.0199 now is an excellent time to acquire Remittix. The team over at Remittix has stated that the minimum launch price for RTX will be $0.135 marking a 578% increase from its current price!
Discover the future of PayFi with Remittix by checking out their presale here:
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.
