A popular crypto analyst who correctly foretold Solana’s (SOL) 17,100% rally from $3 now examines two frontier cryptocurrencies, Hedera (HBAR) and Remittix (RTX). These two altcoins are gaining growing investor attention because of their fundamental strengths and technical signals alongside institutional support which suggests they will experience major price increases by 2025.
Many analysts wonder if a practical coin like Remittix (RTX) can offset other altcoins. Read on to learn more.
Solana Is Set To Rebound
After reaching a new all-time high on Jan. 19, Solana’s price briefly fell below $120 on March 11. This development caused panic with some analysts predicting that the altcoin’s value might continue to trade lower. However, SOL recovered and retested $137 before its recent decline to $128. According to the daily chart, the decline drove Solana’s price to hit lower highs and lower lows.
Hitting these low values then led to the formation of a falling wedge. A falling wedge is a bullish reversal chart pattern formed by two descending trendlines. The upper trendline represents lower highs and the other marks lower lows. This pattern typically indicates a potential breakout to the upside once the price breaches resistance.
SOL price is flirting with the resistance near $135.35 with support at $117.21. Amid this setup, the Moving Average Convergence Divergence (MACD) has returned to the positive region.
This MACD reading indicates rising bullish momentum. If sustained, and the 12 EMA (blue) maintains its crossover above the 26 EMA (orange), then SOL might break above the upper trendline. Once broken, the cryptocurrency’s next target could be around $178.89, invalidating the bearish bias it previously showed.
Hedera Moves In A Range
DOGE was having oversold circumstances; Hedera (HBAR) was having negative emotions. Between March 8 and March 15, HBAR was trading in a downtrending channel, low of $0.198 at some time in between. Experts saw modest purchasing interest on all fronts and have assigned weekly support and resistance levels of $0.184 and $0.236 respectively.
Though there were sporadic golden crosses on the MACD line, a generally positive trend, such gains were fleeting as death crosses had shortly followed. Not able to gather momentum, a little bounce to $0.216 sent the price down below the $0.20 barrier.
Now trading between $0.187 and $0.207, HBAR indicates neither bears nor bulls have a strong hold. Hedera has to break out from its limited range and convincingly pierce above $0.236 if it has any chance in the race to $1. Traders watch for indicators of a clear trend reversal such as RSI bounces or a big MACD crossing. It’s hard to predict whether HBAR will spike substantially or stay mired in sideways trading until that point.
Why Remittix Is Set To Surge
Remittix (RTX) is redefining global payments by integrating blockchain technology with fiat transactions, offering fast and cost-efficient cross-border solutions. With support for multiple cryptocurrencies, the platform provides instant conversions into fiat currencies, enabling seamless deposits into recipients’ bank accounts.
As a bridge between crypto and fiat, Remittix is the superior counterpart to traditional payment providers such as Stripe and Wise. Remittix ensures accessibility and inclusivity for businesses and individuals, simplifying global commerce with its extensive range of options.
The platform’s open flat-fee approach offers savings and transparency over exorbitant costs and inadequate exchange rates of conventional banks. This approach guarantees that the full amount sent reaches the recipient, making Remittix a game-changer in the payments industry.
Currently priced at $0.0734 during its presale, the RTX token offers a compelling investment opportunity. Forecasts predict significant growth, with a 25x multiplier expected in the presale phase and over 1,500% gains after launch, as demand for innovative cross-border payment solutions continues to rise.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
