🔥 Solana eyes $4,700 after breaking out of this pattern
Decentralized finance (DeFi) asset Solana (SOL) will likely see an over 1,800% upside based on a bullish technical setup.
Specifically, Solana has broken out of the bullish cup-and-handle pattern, signaling a potential target of $4,700 based on the formation’s historical implications, according to a projection shared by cryptocurrency analyst Ali Martinez in an X post on January 18.
The cup-and-handle pattern resembles a rounded “cup” followed by a smaller “handle” dip. It signifies a period of consolidation before a breakout, reflecting growing buying pressure after a prolonged correction. When the price breaks above the resistance level at the “rim” of the cup, it often leads to a strong upward move.
In Solana’s case, the breakout occurred after the asset reclaimed the $220 mark, validating the bullish setup.
Notably, although Solana has the potential to rally, the price target can be considered ambitious. It would elevate SOL’s market cap to $2.29 trillion, making it the top digital asset—provided Bitcoin (BTC) sees minimal growth.
The breakout projection comes when Solana is witnessing increased short-term bullish momentum, which aligns with the broader cryptocurrency market.
These positive sentiments have been heightened by optimism surrounding Donald Trump’s upcoming inauguration on January 20. Reports indicate that, once in office, Trump will likely issue an executive order related to cryptocurrencies.
🔸 #SOL short-term price target
For short-term analysis, pseudonymous cryptocurrency trading expert Sheldon The Sniper highlighted in an X post on January 18 that Solana could hit a record high within the $500 to $600 range.
The analysis noted that SOL’s first major target lies at $324, corresponding to the 1.618 Fibonacci extension. A sustained move beyond this level could push SOL toward $416, aligning with the 2.618 Fibonacci extension.
The next significant level for those eyeing higher gains is $504, marked by the 3.618 extension.
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Crypto Whales Have a New Favorite Altcoin Over Ethereum (ETH) and Solana (SOL), and It’s Not Ripp...
Crypto whales, famously savvy self-directing investors in high value assets, have begun to cast their eyes elsewhere from the traditional power players such as Ethereum (ETH) and Solana (SOL). These market leaders have long ruled the crypto landscape, however, a new player in the game is stealing the show. It’s not Ripple (XRP), nor the typical suspects. The altcoin that is gaining the confidence of the large-scale investors is Rexas Finance (RXS), an innovative project and the way forward of tokenizing real world assets (RWAs). Rexas Finance is beginning to unlock the huge potential of real-world assets by leveraging blockchain. By tokenizing assets like real estate, commodities, and art, Rexas allows investors to access markets that were once out of reach. Whether it’s fractional ownership in global real estate or a piece of gold, Rexas offers unprecedented opportunities for investors to diversify and grow their portfolios.
Rexas Finance and the Power of RWA Tokenization
Among the highlights of Rexas Finance is the functionality to tokenize real world assets, a novel concept in crypto market. Because the real estate industry is worth trillions of dollars, it has traditionally been an arena of only the very rich people and institutions. Rexas Finance is doing a 180 by enabling anyone to purchase a percentage stake in real estate anywhere in the world. From a commercial building in New York, to a luxury apartment in Dubai, investors can buy a piece of the action without having to plunk down millions of dollars at once.
Rexas Finance provides a set of tools that democratize and simplify the process of tokenizing real-world assets. With the Rexas Token Builder, users can generate digital tokens to represent a share of an asset (such as real estate or gold). This tool allows its users to tokenize different assets without the need to know anything about technical blockchain.
The Rexas QuickMint Bot is a highly effective tool for rapid token minting. Available on platforms like Telegram and Discord, the bot makes it easy for anyone to mint tokens using simple commands. This removes barriers to entry and allows both seasoned investors and newcomers to participate in the tokenization revolution.
Rexas Finance also provides a Launchpad for fundraising projects using token sales. This platform is important for developers and businesses in various forms (startups, etc.) seeking capital from the crypto world. Thanks to a strong platform, such as Rexas Launchpad, funding possibilities and community formation can be greatly expanded.
The Rexas Finance Presale and Market Growth
The Rexas Finance presale has received considerable attention and sold out completely in stages 1-10, generating $33,125,000. The presale has now reached Stage 11 at a token price of $0.175 (nearly a 6x bump from Stage 1’s price of $0.03). The popularity of RXS tokens continues to rise, as the presale has already accumulated $34,615,537. Investors have been rushing to Rexas Finance for various reasons. On the one hand, the platform is present on CoinMarketCap and CoinGecko, increasing the platform’s visibility and credibility. The project is also CertiK-audited to guarantee that it smart contracts are safe and steady. These are the most important factors for investor confidence and to increase further demand for RXS tokens.
Conclusion
Rexas Finance is already becoming a top player in the crypto market with innovative ways to tokenize real-world assets. Although Ethereum and Solana have always been the darlings of crypto whales, Rexas has the crypto crowd’s interest with its groundbreaking platform for real estate, commodities, and other assets of value. With a presale that’s already raised over $34 million and a strong market presence, RXS tokens are poised for substantial growth.
For more information about Rexas Finance (RXS) visit the links below:
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