Market
Solana bull who predicted $259 ATH now eyes $700, identifies token that could mirror SOL’s 2021 rally
The year 2021 will certainly be inscribed in the history of Solana due to the all-time high SOL achieved during the bull run. Now, one of the Solana bulls who accurately predicted that the ATH of $259, is taking bold steps once more on the prediction of Solana. This Bull sees $700 by 2025 as ‘very much’ on the table for Solana. But what is more interesting is that the same bull has also found another token, Rexas Finance (RXS), which could perform in the same way as Solana did in 2021.
Solana’s 2021 price rally: A lesson in exponential growth
Several reasons led to the rising popularity of SOL’s chain in the year 2021. To begin with, it was obvious that the platform emerged as the faster and more efficient version of Ethereum, which had been suffering from major problems such as high transaction costs and sluggish speed. This technical advantage enabled Solana to penetrate the market especially more so in the DeFi and NFT markets.
At the same time, Solana’s very own ecosystem also hosted a rich assortment of projects and developers thereby speeding up the contend for its adoption and the need for SOL tokens. Institutional investment followed, and when more traders jumped on board, Solana prices went up to an ATH of $259.
The speed, efficiency, and expansion of the ecosystem around the blockchain make SOL still relevant in the crypto space. The Solana bull who accurately predicted $259 for Solana has now set a price prediction of $700 in 2025. This Bull believes that this price objective is ‘very much’ on the table.
Rexas Finance (RXS): The token that might mirror Solana’s 2021 rally
Solana could have more scope for expansion up ahead, however, this Solana bull is also giving a lot of focus to Rexas Finance (RXS), which this bull believes could follow a similar upward trajectory in 2025 as Solana did in 2021.
Crypto markets today have an influx of projects such as Rexas Finance, which seems relatively new but specializes in RWA tokenization gaining traction in the industry. Different from many of the meme coins that are hyped up but have no use cases, Rexas Finance brings something useful as it enables investors to hold proportions of actual things such as real estate and other commodities in the form of its blockchain.
This is where the spirit of the token comes from, as certain aspects of this token give it a degree of stability and a scope for growth that is not in many altcoins. The possibility of investing in real assets using the blockchain makes Rexas Finance very appealing to both individual investors and institutions looking for safer and asset-backed investment options.
The strong presale performance of Rexas Finance is a clear indication of how the market feels about the project. In its 4th presale stage, RXS goes for only $0.06 yet has managed to collect over $3.5 million already. The majority of the earlier presale stages were cleared before the set timelines which only goes to show the interest in the token is increasing further. Furthermore, the addition of Rexas Finance’s features listing on CoinMarketCap has created even more visibility for the project among investors in the crypto sphere. The ongoing $1 million giveaway has also helped fuel interest in the project, with more than 121,400 people participating. These early signs show that the Rexas Finance project has the chance to gain mass adoption just like happened with Solana in 2021.
Conclusion
The Solana Bull has marked Rexas Finance (RXS) as the third potential target to behave similarly to Solana’s calendar year 2021 unprecedented soaring. With its unique strategies of enabling access to non-digital assets through the use of blockchain technology, good presale results, and increasing community support, Rexas Finance is soon becoming one of the tokens to watch out for. For the investors hoping to get back the hefty returns that were witnessed during Solana’s run in 2021, Rexas Finance has the potential to offer significant upside. Should the Solana bull be on point with his predictions, then Rexas Finance may just be the ultimate next altcoin revolutionizing early investors’ returns.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
Market
XRP Price Builds a Base: Can Bulls Ignite a New Rally?
XRP price surged further above the $1.45 and $1.50 resistance levels. The price is now consolidating gains near $1.40 and might aim for more upsides.
- XRP price started a fresh surge above the $1.40 resistance level.
- The price is now trading above $1.350 and the 100-hourly Simple Moving Average.
- There is a new connecting bearish trend line forming with resistance at $1.450 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair is showing positive signs and might extend its rally above the $1.450 resistance.
XRP Price Holds Gains
XRP price formed a base above $1.250 and started a fresh increase. There was a move above the $1.350 and $1.40 resistance levels. It even pumped above the $1.50 level, beating Ethereum and Bitcoin in the past two days.
A high was formed at $1.6339 before there was a pullback. The price dipped below the $1.50 support level. A low was formed at $1.3007 and the price is now rising. There was a move above the 23.6% Fib retracement level of the downward move from the $1.6339 swing high to the $1.3007 low.
The price is now trading above $1.40 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $1.420 level. The first major resistance is near the $1.450 level.
There is also a new connecting bearish trend line forming with resistance at $1.450 on the hourly chart of the XRP/USD pair. It is close to the 50% Fib retracement level of the downward move from the $1.6339 swing high to the $1.3007 low.
The next key resistance could be $1.500. A clear move above the $1.50 resistance might send the price toward the $1.5550 resistance. Any more gains might send the price toward the $1.620 resistance or even $1.650 in the near term. The next major hurdle for the bulls might be $1.750 or $1.80.
Are Dips Limited?
If XRP fails to clear the $1.450 resistance zone, it could start a downside correction. Initial support on the downside is near the $1.3450 level. The next major support is near the $1.320 level.
If there is a downside break and a close below the $1.320 level, the price might continue to decline toward the $1.300 support. The next major support sits near the $1.240 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.
Major Support Levels – $1.4200 and $1.4000.
Major Resistance Levels – $1.4500 and $1.5000.
Market
Solana (SOL) Bulls Stay in Control: Rally Far From Over?
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From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
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In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.
Market
Ethereum Price Poised for Gains: $3,600 Within Reach?
Ethereum price started a fresh increase above the $3,320 zone. ETH is rising and aiming for more gains above the $3,500 resistance.
- Ethereum started a fresh increase above the $3,300 and $3,320 levels.
- The price is trading above $3,300 and the 100-hourly Simple Moving Average.
- There is a short-term bearish trend line forming with resistance at $3,350 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could gain bullish momentum if it clears the $3,420 resistance zone.
Ethereum Price Eyes More Gains
Ethereum price remained supported above $3,120 and started a fresh increase like Bitcoin. ETH gained pace for a move above the $3,220 and $3,300 resistance levels.
The bulls pumped the price above the $3,400 level. It gained over 10% and traded as high as $3,499. Recently, there was a downside correction below $3,400. The price dipped below $3,320 and tested $3,280. A low was formed at $3,288 and the price is now consolidating above the 23.6% Fib retracement level of the recent decline from the $3,499 swing high to the $3,288 low.
Ethereum price is now trading above $3,300 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level. There is also a short-term bearish trend line forming with resistance at $3,350 on the hourly chart of ETH/USD.
The first major resistance is near the $3,400 level. The main resistance is now forming near $3,420 or the 61.8% Fib retracement level of the recent decline from the $3,499 swing high to the $3,288 low.
A clear move above the $3,420 resistance might send the price toward the $3,500 resistance. An upside break above the $3,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,600 resistance zone or even $3,620.
Downsides Limited In ETH?
If Ethereum fails to clear the $3,350 resistance, it could start another decline. Initial support on the downside is near the $3,320 level. The first major support sits near the $3,285 zone.
A clear move below the $3,285 support might push the price toward $3,220. Any more losses might send the price toward the $3,120 support level in the near term. The next key support sits at $3,040.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $3,300
Major Resistance Level – $3,350
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