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Cryptocurrency News Articles

SOL Bullish Momentum Amid Market Shift: Best Token To Buy RTX, SOL and SHIB

Jan 08, 2025 at 08:00 pm

Solana is up over 110% in the last 12 months. Source: Brave New Coin Solana Market Cap Per CoinGlass data, Solana (SOL) has witnessed a significant

SOL Bullish Momentum Amid Market Shift: Best Token To Buy RTX, SOL and SHIB

Solana (SOL) is showing signs of strength as its net inflows hit one of its highest levels in months, suggesting that SOL holders might be preparing to sell their coins or use them in derivatives trading or DeFi. This development comes amid a relative lull in the crypto market, with most coins seeing sideways price action.

According to data from CoinGlass, Solana (SOL) has seen a significant uptick in net inflows, with over $224 million streaming into the exchange. This marks one of the highest net inflows for SOL in months, indicating that a large number of SOL holders might be preparing to sell their coins or use them in derivatives trading or decentralized finance (DeFi).

The move has triggered SOL’s bullish technical outlooks as we kickstart 2025. Its relative strength index (RSI) on its daily chart is above the neutral zone, suggesting that the SOL coin still has room to extend its rally. Moreover, SOL’s MACD showcases a bullish crossover as of January 1, further signaling a continuation of the uptrend. Solana’s Open Interest has also bolstered the bullish outlook.

Data indicates that futures’ open interest in SOL at exchanges increased from $4.25 million on January 1 to reach a new all-time high on January 7 at $6.48 million. Increased open interest usually represents new or additional money entering the market, indicating a rally in the price of Solana is on the horizon. However, if SOL fails to maintain its gains above the $206 level, the bullish narrative could be invalidated, extending the decline toward its immediate support level at $201.85.

Shiba Inu (SHIB) Whales Sell-off In Masses As SHIB Price Stalls at $0.00002300

Shiba Inu (SHIB) is showing signs of weakness as its price stalls at the $0.00002300 level, despite the token’s best efforts to maintain an upward momentum. The development comes amid a broader market downturn, with most coins struggling to maintain their gains.

According to recent on-chain data, Shiba Inu (SHIB) has seen a significant sell-off from high-value investors, putting pressure on SHIB’s price. The token has had difficulty maintaining a consistent upward momentum and is trading above the $0.00002300 level.

Per on-chain metrics, addresses between 10 million and 100 million SHIB tokens have decreased by 20%, whereas wallets holding $10,000 to $1 million in SHIB have also dropped by 16 to 22%. This pattern indicates selling pressures from high-value holders, highlighting waning confidence in the asset or calculated profit-taking at the current price levels.

Meanwhile, addresses holding $1 to $1000 worth of SHIB have increased, suggesting that smaller retail investors are taking over. Shiba Inu’s trading volume is still low, cementing its bearish outlook and further indicating a lack of enthusiasm for the market. Its RSI has been lingering close to the neutral region, making it difficult for SHIB’s price to surpass its current levels.

Shiba Inu’s immediate resistance is around the $0.000025 level, where it previously witnessed concentrated whale activity. If the coin is unable to recover, SHIB crypto could move towards its downside support level at $0.00002200. A sustained recovery in the price of Shiba Inu could perhaps trigger an increase in trading activity.

Remittix Tops List 2025’s Blockchain ICO Projects With PayFi Solution, Raising Over $2 Million In Revenue

As the world navigates the digital revolution, a new era of financial technology is emerging. In 2025, blockchain technology will continue to play a pivotal role in revolutionizing various industries, including the payments sector. One project that has garnered significant attention is Remittix (RTX) – a PayFi solution that aims to bridge the gap between crypto and fiat payments.

With its sights set on disrupting the cross-border payments industry, Remittix (RTX) is emerging as one of 2025’s top blockchain ICO projects. The PayFi protocol seamlessly integrates crypto into the $190 trillion cross-border payments market, enabling users to convert up to 40 cryptocurrency pairs into fiat currency and swiftly transfer funds to any global bank account.

Unlike conventional platforms like Stripe and Wise that levy hefty wire transfer fees and subject users to hidden charges, Remittix boasts an open pricing policy that ensures users are fully aware of all costs involved in their transactions. Its standout encryption and strong security system protect transfers and personal data, enabling unmatched privacy and peace of mind.

Furthermore, Remittix utilizes blockchain technology to empower millions of underbanked and unbanked populations with access to

News source:bravenewcoin.com

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Other articles published on Jan 09, 2025