Could Solana drop to $150? On-chain data suggests SOL holders switching to new altcoin
The post Could Solana drop to $150? On-chain data suggests SOL holders switching to new altcoin appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Solana’s momentum slows, investors are shifting to Remittix, a rising altcoin with real-world crypto-to-fiat payment solutions. The cryptocurrency Solana stood as a top performer in recent months because it gained value through rising on-chain behaviour combined with increased investor trust. Supporters of SOL now debate about its capability to keep boosting while several investors explore alternative opportunities for greater returns because of speculation that the price might crash to $150. Ohio-based crypto investors are shifting their assets toward Remittix (RTX) because of its real-world financial capabilities against other emerging altcoins. Solana’s rally stalls: Could SOL crash back to $150? Solana’s impressive rise past $168 has fueled bullish sentiment, but warning signs are emerging that could send prices tumbling back to $150 On-chain data reveal that major SOL holders are moving large amounts off exchanges, a sign that a selloff may be coming. The SEC maintains ongoing crypto investigations which could badly affect Solana following previous debates about classifying it as a security. Market liquidity will suffer when rates increase and the dollar gains strength thus sparking a market downturn. The breaking of $160 support price would trigger a rapid price fall to the next support at $150 if selling pressure becomes strong. A temporary dip or a preliminary stage of an extended market correction. Why SOL holders are flocking to Remittix Part of the population holding Solana focuses on Remittix as an innovative new altcoin which offers practical, real-world usage. RTX leads the advancement of PayFi model technology to allow citizens to instantly convert CRYPTO to FIAT through bank payment systems. Remittix stands out in the payment industry because of its unique functionality, enabling it to challenge market…
Filed under: News - @ February 18, 2025 5:26 pm