Solana entered a correction phase after establishing a new all-time high price level on Saturday. Avalanche’s price trend is also turning bearish as the token has fallen below the critical $48 resistance area. Amid these bearish outlooks, Remittix’s new PayFi protocol is emerging as a standout winner by raising more than $5.3 million during the ongoing presale phase.
Solana (SOL) Faces Retracement After TRUMP Memecoin Frenzy
Solana’s price peaked at over $270 after the launch of Trump’s official token on Solana’s blockchain. Although Solana hit a price resistance level and is currently facing a retracement, technical indicators are still hinting toward an upward momentum.
Solana is currently trading for $257.52 after an intraday decrease of 7.61%. Despite this pullback, Solana is still trading above all its Exponential Moving Averages on the SOL/USDT daily chart. Solana’s MACD Level still has a positive value that typically suggests bullish dominance.
If Solana buyers continue dominating the market, Solana’s price could recover from its ongoing correction and rally toward the R2 resistance at $275.73. However, if Solana enters a prolonged consolidation phase again, the price could crash as low as $203.64 in the next few weeks.
Avalanche (AVAX) Presents Bearish Outlook on the Weekly Timeframe
Avalanche’s price has fallen below the $48 resistance, suggesting bearish dominance. Avalanche’s technical indicators such as the RSI and MACD Level are both falling which typically happens when the trend goes from bullish to bearish.
Despite the bearish outlook, Avalanche’s team is anticipated to unveil something big alongside SwissBorg on January 21. If the new release triggers buying activity, Avalanche could break above its resistance trend line and continue the rally toward $48 again.
However, Avalanche’s price falling below the descending triangle pattern will likely lead to a 20% price drop in the next few weeks. At press time, Avalanche was trading for $36.04 after an intraday decrease of 4.55%.
Remittix (RTX) Poised for 10x Growth in Q1 as Adoption Rate Reaches New Peak
Remittix emerged as the leading DeFi altcoin in January because of its rapid adoption rate. Investors are flocking to Remittix’s ongoing presale block as the platform offers an exclusive 30% deposit bonus for a limited time only. Remittix’s cross-border payment solution has already raised more than $5.3 million with its simplified approach, making analysts predict up to 10x growth by the end of Q1.
Remittix is gaining traction in the crypto space because of its real-world utility and security measures. Remittix converts cryptocurrency into 40+ local currencies for a flat fee. There are no extra charges for foreign exchange or wires, making Remittix a cost-effective solution to traditional cross-border payments.
All transactions made on Remittix are processed through a fully audited smart contract and local payment networks. This simple mechanism allows Remittix to ensure same-day processing regardless of the recipient’s location. The user-friendly interface makes it incredibly easy to set up transfers, making Remittix the go-to choice for thousands of crypto holders around the world.
Remittix also ensures the complete security of funds by allowing users to retain full control over their digital assets. The PayFi ecosystem is powered by a native $RTX governance token that removes all centralized control. Investors can become VIP-tier holders to receive exclusive benefits such as premium voting privileges and up to 18% annual return as staking rewards.
RTX tokens are currently selling for only $0.0282 each, making now the ideal time to become a VIP-tier investor. Given Remittix’s high adoption rate, analysts expect Remittix to deliver higher returns than both SOL and AVAX before the end of this quarter.
in the Remittix (RTX) presale and community:
