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Solana drops 13% to $186, XRP consolidates at $2.35, and Remittix gains attention with a 20x projection by 2025.
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Solana has been experiencing a substantial price decline over the past week, falling by over 13% to trade along the $186 and $190 region. The SOL price has also dipped below the 100-day EMA at $196, a critical support level that historically kept the token stable during market downturns. Similarly, XRP price action consolidates within a narrowing triangle pattern, having entered a crucial phase.
The XRP token, which is trading just above the $2.35 region, suggests that it could test the 50-day EMA in a few days — a level that could determine Ripple’s short-term trajectory. Interestingly, Remittix (RTX) is set to transform world payments with its creative ideas. This has seen the project attract significant attention, with projections highlighting a 20x gain as the RTX token eyes $1 in 2025.
Solana price prediction: Can Solana reclaim the $196 support level?
The recent dip in Solana’s price movement has seen the token lose a key support level of around $196. This support level has kept the SOL token stable during previous market downturns. This breakdown indicates a change in momentum, and if the dipping pressure increases, the Solana price could dip further.
The growing volume of trading also raises more concerns as it suggests that selling is picking up speed. Higher volume during a bearish outlook usually indicates that traders are selling off their positions, leading to a growing bearish sentiment. If such a pattern persists, Solana’s price will experience additi
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