Despite being an old timer in the crypto space, Solana (SOL) has stumbled upon shaky ground as 2025 begins, posting significant monthly and weekly losses. Similarly, Chainlink(LINK) has endured a tragic month, as its value spirals downwards.
Many long-time holders of these assets are now considering alternatives, and Remittix (RTX) has become a popular choice. This modern PayFi protocol brings solutions to the longstanding problems in the cross-border payments sector, and is gearing up to carve out a large piece of this market. So are Pepe (PEPE) and Chainlink (LINK) likely to see a price resurgence in 2025, and why are so many investors shifting funds to Remittix (RTX)?
Solana Price Drops 19% In 30 Days
Solana (SOL) has spiralled, losing more than 19% of its value in the last month alone, and having posted a similar loss in the last week. Industry commentators are torn over whether the most recent Solana price drop has been due to whale sell offs or a general downturn in the crypto market. Technological analysis shows that Solana (SOL) has dropped below key support levels, such as the $196 200-day Exponential Moving Average, representing a bearish trend. Perhaps more worryingly, Solana’s Total Value Locked (TVL) has also fallen more than 7% in a day, indicating less trust in its ecosystem. Solana (SOL) still has a $86.74 billion market cap and remains an influential player in the crypto space, though its price trajectory is looking weak going into 2025.
Chainlink Finds Itself On Thin Ice
Chainlink ambled through 2022 and 2023 at snail pace before a major rally in November 2024, raising questions about whether Chainlink (LINK) could make a meaningful comeback. Despite recent losses, it still holds standing as one of more modern decentralized oracle networks, facilitating secure communication between smart contracts and real worlddata.
Chainlink (LINK) too has had a poor start to 2025. Over the last 30 days, Chainlink lost 37.47% of its value and is also down 21.9% in the last week, now sitting at $18.97, down a staggering 64% from its ATH in 2021. Technically, Chainlink is trading in a descending wedge pattern, which is usually a bullish reversal indicator. The key resistance level to watch is $23.92, as a breakout above this could push Chainlink towards $30.
