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Bitcoin Holds at $110,000, Solana Faces Resistance

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by Giorgi Kostiuk

2 days ago


The cryptocurrency market shows interesting trends, particularly with Bitcoin and Solana, while the new project Remittix captures investors' attention.

Bitcoin: Dynamics and Expectations

Bitcoin has started the week with an upward trend, surpassing the 100-day moving average at $110,748. Technical indicators such as RSI are showing upward momentum, while MACD indicates a potential bullish crossover. However, analysts warn that if the trend does not hold, Bitcoin may drop to a support level of $105,573.

Solana's Resistance

Solana's price action has been mixed, currently trading around $206. Despite positive news such as the Alpenglow upgrade reducing transaction finality, SOL remains capped below $217. Short-term forecasts suggest potential gains toward $220–$230, but the MACD shows bearish signals.

Prospects of Remittix as a New Market Player

The Remittix project is gaining popularity as a potential player in the crypto market, offering solutions to real-world payment challenges using blockchain. It has raised over $24 million through the sale of 645 million tokens. Expected confirmations of listings on BitMart and LBank once the $20 million milestone is reached, along with the planned launch of a beta wallet and a business API, may lead to significant growth for the project.

Bitcoin and Solana remain significant players in the cryptocurrency market, while investors are also turning their attention to new projects like Remittix that may offer substantial growth opportunities in the future.

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