Solana (SOL) bulls remain strong following Friday’s breakout above the descending trendline drawn by connecting several high levels from mid-November and rising 4.6%.
If this trendline breakout zone, which aligns with the 50-day EMA at 206, holds as support, Solana price could extend its bullish momentum to retest its daily resistance level at $230.
On the other hand, Shiba Inu price has also seen positive development but seems to be struggling to maintain a consistent upward trend. Most SHIB whales sell their tokens significantly. According to on-chain metricsaddresses holding 10 million and 100 million SHIB tokens fell by 20%, while wallets holding between $10,000 and $1 million in SHIB fell by 16-22%. Meanwhile, the Remittix (RTX) pre-sales continue to gain momentum after generating over $2 million in revenue.
SOL Bullish Momentum Amid Market Shift
Solana is up over 110% in the last 12 months. Source: Market capitalization of Brave New Coin Solana
By CoinGlass dataSolana (SOL) saw a significant increase in net inflows, $224 million, one of the highest in months. This could suggest that SOL holders are preparing to sell their coins or use them in derivatives or DeFi trading. This move triggered SOL’s bullish technical outlook as we begin 2025.
It is relative strength index (RSI) on its daily chart is above the neutral zone, which suggests that SOL coin still has room to extend its rally. Additionally, the MACD of SOL exhibits a bullish crossover as of January 1, further signaling a continuation of the uptrend. Solana’s open interest also reinforced the bullish outlook. Data indicates that SOL futures OI on exchanges rose from $4.25 million on January 1 to $6.48 million on January 7, hitting a new ATH.
The increase in open interest represents new or additional money entering the market, indicating that a rally is imminent in Solana’s price. However, if SOL breaks and fails to sustain gains above the $206 level, the bullish narrative would be invalidated, extending the decline towards its immediate support level at $201.85.
Shiba Inu Whales (SHIB) are selling in droves
The Shiba Inu ecosystem has seen a notable shift in investor behavior, which has put significant pressure on the SHIB price recently. The token has struggled to maintain consistency upward momentum and is moving above the $0.00002300 level. According to on-chain metrics, addresses between 10 and 100 million SHIB tokens declined by 20%, while wallets holding between $10,000 and $1 million in SHIB also declined by 16 to 22%.
This model indicates selling pressures from high value holders, highlighting a loss of confidence in the asset or calculated profit taking at current price levels. Meanwhile, addresses holding between $1 and $1,000 worth of SHIB have increased, suggesting that smaller retail investors are taking over. Shiba Inu trading volume is still low, reinforcing its bearish outlook and further indicating a lack of enthusiasm for the market.
Its RSI was persistent close to the neutral region, making it difficult for SHIB price to rise above its current levels. Shiba Inu’s immediate resistance lies around the $0.000025 level, where it had already witnessed concentrated whale activity. If the coin fails to recover, the SHIB crypto could move towards its downside support level at $0.00002200. A sustained recovery in Shiba Inu price could perhaps trigger an increase in trading activity.
Remittix Tops List of 2025 Blockchain ICO Projects
Remittix (RTX) has become one of the best blockchain ICO projects of 2025 due to its impressive pre-sale momentum and unique PayFi solution. The project introduces seamless cryptocurrency-to-fiat payments to the $190 trillion cross-border payments industry. Remittix will allow users to convert up to 40 cryptocurrency pairs into fiat currency and instantly transfer funds to any global bank account.
The platform will not charge users hidden or ridiculous bank transfer fees compared to conventional platforms like Stripe and Wise. Its open pricing policy ensures that users do not end up with hidden fees. Its exceptional encryption and strong security system protect transfers and personal data, allowing unparalleled privacy and peace of mind. The project uses blockchain to enable millions of underbanked and unbanked populations to access a global payments network, thereby driving financial inclusion.
As Remittix prepares to enter the global cross-border payments market valued at 190 100 billion dollars in 2023 and expected to reach $290.2 trillion by 2030, the project is well positioned to take a significant chunk of this market share with its innovative blockchain-based payment system. So far, Remittix costs just $0.0193 and has attracted considerable interest from savvy investors ready to take advantage of the rapidly growing need for reasonably priced and easily accessible payment methods.
As the bull cycle approaches, Remittix is directly positioning itself as the best crypto to buy in 2025. The token has already generated over $2 million in revenue after selling over 122 million tokens in the RTX presale. Its exceptional acquisition program is designed to ensure price appreciation and long-term stability.
Best token to buy: RTX, SOL and SHIB
As Shiba Inu and Solana extend their gains amid a market recovery, Remittix presale continues to gain momentum thanks to its strong security, transparency and efficient cross-border payment capabilities. The project generated more than $2 million in just a few weeks, proving its high demand and investor confidence.
Join the Remittix (RTX) presale and community:
Join the Remittix (RTX) Presale
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