Experts Believe This Altcoin Is A More Attractive Proposition To Solana (SOL) Before It Hits Major Exchanges In 2025
The post Experts Believe This Altcoin Is A More Attractive Proposition To Solana (SOL) Before It Hits Major Exchanges In 2025 appeared on BitcoinEthereumNews.com.
The Solana price has fallen below $200 amid a recent correction in the market. Still, Solana (SOL) remains a favorite among crypto enthusiasts, having delivered impressive gains and solidified its position in the DeFi market. However, with increasing network congestion and concerns over centralization, investors are now looking elsewhere for the next big opportunity. Enter Remittix, an emerging altcoin that is rapidly gaining traction. Currently in the presale, the project has given early investors up to 890% returns on their investments. Given its low market cap and utility, RTX could be the next blue-chip project to surpass Solana. Solana price Begins Uptrend, Zee Potential Targets The Solana price has been trading between $120 and $180 on the weekly timeframe. The cryptocurrency is currently showing upward movement on the charts amid the recent correction in the market. CoinMarketCap data shows the Solana price has increased by 6.5% in the weekly timeframe. However, the Solana price is bearish on the biweekly and monthly levels, a sign that bears are still fighting for control. Solana price chart showing resurgence: TradingView Meanwhile, technical indicators like the Momentum (10) and Hull Moving Average (9) are showing buy signs. This is a bullish signal which shows that bulls are active. Moving forward, the Solana price faces resistance around the 200-Day SMA ($187.50) and 50-SMA ($201.43). Surpassing these resistances could take the Solana price to $250. In the meantime, CryptooELITES forecasts the Solana price might pump to $450 and $678 in the coming months. According to them, the Solana price has broken above the 2021 trendline and is trading above it. Solana price prediction from CryptoELITES Another analyst called A.A. notes the Solana price could climb to $200 in the short term. They noted the altcoin has formed a bullish structure and might run towards yearly open…
Filed under: News - @ March 9, 2025 5:05 am