Solana's (SOL) price is slowly regaining bullish momentum and is now trading above the crucial $188 price region. After enduring a 37% price dip from its all-time high (ATH) of $263.83, which was recorded in late November, the price of Solana has shown renewed strength as optimism returns amid the token displaying signs of resilience.
According to Jelle's technical analysis for SOL's price, Solana's recent impressive recovery saw the SOL price rally from recent lows after successfully retesting the 200-day EMA and closing the day above critical levels. This behavior saw buyers stepping in at key support levels, providing the needed lifeline to the SOL price. However, for Solana to achieve major gains, it must reclaim the $192 level.
This crucial resistance level could set the pace for Solana's price to reclaim the $210 price point while aiming for its all-time high before breaking to the $500 target for 2025. On the flip side, failure to reclaim the $192 level might expose Solana to more downside risks, which could see the token revisiting lower demand levels at $170.
Solana Price Analysis: SOL Price Rallies to $0.0207 As Presale Funding Rockets Past $3 Million
Remittix (RTX) has continued to make headlines with its impressive ICO, which is simplifying the payment process with a focus on fairness. As Remittix builds trust while attracting users who value clarity in financial dealings, the RTX price has rallied to $0.0207 from a starting price of $0.015, with over $3M raised in presale funding.
With a dedicated information page on CoinMarketCap after pre-listing, Remittix is ticking all the right boxes for investors who believe it can offer higher investment returns. Moreover, it has also submitted a CoinGecko pre-listing application that will attract new investors into the PayFi innovator's ecosystem. Additionally, Remittix’s crypto-to-fiat capability allows users to seamlessly swap 40-plus coins to fiat currencies and send them to any global bank account.
Remittix also applies to individuals and corporations seeking to utilize crypto payments. Many buyers prefer using cryptos to purchase services and goods, making coin conversion inconvenient. However, with Remittix’s PAY API, businesses and freelancers can accept cryptocurrencies and convert them directly to fiat currencies.
This flexibility makes the Remittix project appealing to different users, ranging from small businesses seeking an affordable payment service to self-employed individuals struggling to track invoices. Moreover, its promise of no hidden transaction fees, fast processing times, and no intermediaries has contributed to the widespread adoption of the RTX token. This could drive its price higher, with Q1 set to record an over 3,000% rally.
