Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
After a turbulent week in crypto, short traders are looking for signs of calm amid the chaos. Solana showed signs of life leading the post-crash market recovery, and has been identified as a potential buy-the-dip opportunity by several investors. The asset is now in the headlines as retail investors closely watch its price. However, analysts warn that Solana’s recent uptick is not necessarily a sign of a trend reversal, and the asset could see a sharp drop in April.
Meanwhile, institutional confidence endures: Whales are accumulating new tokens with high upside potential, and the latest among them is Remittix. This project has been profitable since day one, bagging successive price jumps throughout the last quarter. The recent accumulation of whales takes the aggregated investor capital through the ongoing Remittix presale to 14.4M.
We will examine the Solana price trajectory and shed more light on why the big market players are confident in Remittix’s long-term potential.
Solana Price News
Solana led the recovery late last week after the tariffs spun crypto assets last Wednesday. Developments such as Grayscale’s registration with the SEC to launch an SOL-ETF on the New York Stock Exchange (NYSE) and PayPal’s integration of Solana and Chainlink triggered a wave of excitement around the project. Solana saw renewed interest as short traders and investors aimed to take advantage of the swing, ending the asset’s protracted bearish cycle. Single-digit gains were enough to give investors hope of a trend reversal amid the chaos in the broader market.
However, Solana failed to hold, and the support levels from yesterday’s trading session became resistance on Sunday. The growing upside momentum of the asset was quickly met with selling resistance, pushing Solana below the $120 support. SOL’s short-lived momentum has dashed the hopes of investors who believed reclaiming the $200 price level was closer than anticipated. At press time, Solana exchanges at $109, reflecting a 14% weekly dip and a 40% year-to-date dump.
Trading volumes are low, and key market indicators such as the RSI indicator support a bearish scenario for Solana price prediction. The asset looks perilously close to dropping below the $100 mark, a level that has not been reached in more than a year. Analysts believe Solana is closing on the critical psychological level.
Remittix: On a 100x Trajectory
Remittix is an innovative payment protocol built to cater to crypto-to-fiat cross-border payments. With this solution, users can make direct payments to local fiat bank accounts in over 30 currencies (e.g., USD, GBP, etc.). Remittix’s adoption of blockchain technology will ensure payments are secure, encrypted, and traceable, reducing risks of online fraud.
Users will benefit from the project’s flat fee feature on the platform, which guarantees the exact amount sent is what the recipient receives. Another interesting aspect of Remittix is the preference it offers its users: Customers can pay in through their crypto assets while businesses receive fiat. This will minimise exposure to crypto volatility and remove unnecessary fees from middlemen in financial transfer blocks.
With plans to expand the global payment network to underbanked regions and nations with limited access to financial instruments, Remittix will improve B2C and B2B relations on a global scale and consequently hold on to a significant portion of the $190 trillion market. Should things go as planned, Coinbase and Binance could list RTX before the final quarter, propelling the token on a 100x trajectory.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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