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The previous week, President Trump issued an executive order targeting government regulation of digital assets to support the responsible growth and use of digital assets. Solana (SOL) was among the altcoins that outperformed on the market thanks, in part, to an NYPost report that indicated Trump was receptive to the idea of creating an “America-first strategic” reserve of tokens, including SOL, XRP, and Circle’s USDC stablecoin.
Following this report, SOL jumped by 8% to $217. With the anticipation of David Suck’s press conference that delves into digital currency asset strategies, market analysis sees SOL coin regaining bullish momentum. On the other hand, the ADA price has formed a potential bullish reversal pattern that could fuel further upside. Meanwhile, Remittix (RTX) surges to new levels after hitting another presale milestone as market participants expect 10x gains in February. Let’s find the possibilities!
Can Solana (SOL) Soar $300 In This Cycle?
Solana (SOL) has witnessed increased volatility, moving from around $180 on Jan.13 to over $290 on Jan.19 before falling to below $200 now. However, it swiftly reclaimed the $200 level, thanks to an NYPost report indicating President Trump was receptive to forming an America-first strategic reserve of tokens like Solana, Ripple, and Hedera. This development renewed investors’ optimism about Solana crypto.
Despite the temporary downturn, SOL buyers have stepped in promptly and prevented any sustained downtrend below the crucial $200 support level. Moreover, David Sacks, appointed AI and Crypto Czar in the Trump administration and holding a notable investment position in Solana, recently announced an upcoming press conference to address digital asset strategy. Solana’s technical structure indicates that the SOL token has maintained its position above key critical levels.
Its relative strength index (RSI) has been hovering around $38.7 and is pointing upwards, suggesting a potential price recovery. VanEck’s move to file for SOL ETF is a pivotal development, highlighting the growing institutional acceptance of alternative cryptos. As such, Solana’s growth potential is massive, which could trigger rallies toward the $280 level. The $300-$320 range represents the most significant hurdle. Support levels at $180 and $200 will continue to provide a sturdy foundation for price stability.
ADA Price Forms Bullish Reversal
Cardano has staged a strong rebound following a steep decline attributed to heightened U.S.-China trade tension. The broader market suffered sharp losses alongside Ethereum and Bitcoin (BTC) as investors pulled funds from the market amid uncertainty. However, the market has stabilized after the Trump administration temporarily delayed tariffs on Canada and Mexico. During this period, Cardano token painted an ascending triangle formation―a bullish technical setup that typically forms near local bottoms.
This pattern is near the $0.84 resistance level. Based on the triangle’s height, a successful breakout above this level could set the stage for a 40% rally toward the $1.04 level. Its RSI has recovered from oversold conditions, suggesting a buying interest at the current price levels. However, if the price of Cardano faces additional resistance from the 50-day EMA at $0.88 and at the 200-day EMA at $0.95, a breakout above these moving averages would further validate the bullish breakout scenario.
Notably, ADA attempts to establish a bullish reversal after rebounding from local bottoms. Its ascending triangle pattern suggests a potential breakout toward the $1 psychological level. If the altcoin successfully climbs above this level, it could trigger rallies toward the $1.20 level. However, confirmation depends on whether buyers can push prices above the resistance levels and hold momentum. Given the ongoing market uncertainty from Trump’s trade war developments, volatility could persist, making a decisive breakout critical for further upside.
Remittix (RTX): Breaks Barriers In PayFi Industry
Remittix (RTX) is breaking barriers in cross-border payments with its unique PayFi solution. This solution leverages decentralized blockchain to make international transactions cheaper, instantaneous, and secure. Unlike conventional remittance platforms, Remittix has simplified global payments, enabling even those with no tech background to send and receive payments quickly.
It lets users connect digital assets with real-world banking. This means freelancers, businesses, and everyday users can quickly convert their crypto assets into fiat currency and deposit them in any bank account worldwide. It’s strategically positioned at the intersection of the crypto-finance ecosystem and the international march toward digital currencies since it provides unmatched efficiency, security, and accessibility.
Remittix’s ability to handle massive transaction volume without compromising speed and security makes it stand out. Thanks to its public ledger, users will enjoy unprecedented traceability and transparency. Moreover, the transactions are immutable, reducing unnecessary chargebacks. In contrast to Solana and Cardano’s gradual gains, this DeFi project has signaled itself for a meteoric rise as it tackles real-world issues like high fees and slow processing times. This innovative approach will carve a path toward mass adoption, making it a must-watch altcoin in 2025.
Remittix has raised over $10.7 million and is selling for only $0.0521. This marks an over 247% return to early adopters who bought the token at its initial offering of $0.015. As the DeFi coin gets ready for potential tier-1 exchanges listing in Q1, analysts have hinted at a probable return of up to 100x. Meanwhile, Remittix could see growing demand and capture a larger share of the cross-border payment market, given its fast, reasonably priced global payment choices and safety.
Remittix is Fast Growing, Unlike Cardano and Solana
As SOL and ADA continue to face market uncertainty, striving to trade above critical support levels, Remittix has positioned itself as a strong contender to challenge existing giants, thanks to its cutting-edge PayFi solution, expanding community, and successful presale momentum.
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