The post VIRTUAL explodes 86%, then stalls Traders, watch THIS closely appeared com. VIRTUAL token rallied 86% within the first week of January, rising from $0. 642 to $1. 198. After this remarkable frenzy of buying, the altcoin saw subdued demand and momentum. At the time of writing, it was trading at $0. 975. A daily session close below the $1 mark would not be a good sign for the bulls in the short term. Back then, a breach of a descending trendline saw a rally that reached $2. 5. Will the current breakout achieve similar results? VIRTUAL bulls’ defense of $1 could dictate the next move The Virtuals Protocol [VIRTUAL] token saw a bullish start to the year, like many other altcoins. CoinMarketCap data showed that the AI sector expanded by over 20% in the first week of the month. VIRUTAL was not the only token whose performance exceeded expectations. The 50% retracement level of the impulse move would be the first test. If $0. 918 is defended from the sellers, more upside and new highs would be highly likely. The MACD and CMF showed upward momentum and strong capital inflows at the time of writing, an encouraging sight for investors. There were two notable spikes in the past two weeks, on the 30th of December and the latest on the 8th of January. The former indicated a potential capitulation as the price sank toward new multi-month lows. The sudden turnaround to start the new year prompted a wave of profit-taking once the momentum began to slow.
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The post Solana, Cardano and XRP Slide as Remittix Extends Its Winning Streak appeared com. Solana, Cardano, and XRP are once again under serious pressure this week, as investors brace for more swings in the market. While these major altcoins are trying to find their footing, Remittix keeps stealing the spotlight. This PayFi token continues improving with new listings strong growth, and a real-world use case that is already turning some heads. In a sea of uncertainty, Remittix (RTX) is trying to prove that real utility still beats temporary hype. Solana Price Outlook Shows Consolidation Phase Ahead The price of SOL has dropped to around $186, charting a loss of around 3. 6% amid a weak broader market. Even with over $117 million in ETF inflows from Grayscale and Bitwise, SOL’s price today remains well below the $200 level, suggesting that traders are cautious. The rally that followed the news of the ETF has apparently cooled down as institutions are seemingly taking profits. Technical indicators are also relatively mixed, with the RSI sitting at 47 and MACD currently in negative territory. Data also shows reduced holding among long-term investors, which also suggests some mild profit-taking. For now, SOL’s price action remains rather neutral, according to the popular analyst Ali Martinez. Traders are closely watching the $192-$206 range. Any move beyond that would open the door to $237, whereas any fall would direct the prices to $182. Cardano Price Struggles To Hold Key Support Amid Market Downturn The Cardano (ADA) price is trading near $0. 61. So far, it the buyers have been able to defend the crucial support of $0. 58 successfully. Analysts believe that a break below it may result in the ADA price falling to as low as $0. 54 or even less. Most of the analysts remain cautious, even as the project rolls out governance upgrades under the Voltaire model. The current price action points to.