With the growing interest of institutional investors in Ethereum, ETH-based tokens are capturing the attention of market participants. Specifically, there is increasing interest in the new PayFi protocol Remittix (RTX).
Solana (SOL): Possible Continuation of Decline
Solana continues to be one of the largest altcoins due to its high-performance blockchain and active ecosystem. The asset lost between 12.7% to 14% last week. Currently, SOL trades between $161.98 and $162.33, reflecting a marginal uptick of 0.1% to 1.86% in the past 24 hours. Analysts predict that Solana may continue its bearish trajectory this week due to reduced network activity and consistent sell-offs from long-term holders.
Cardano (ADA): Sell Signals
Cardano has traditionally appealed to patient investors, yet its short-term outlook currently leans towards neutral to bearish. Technical projections indicate a potential price drop to around $0.715 by Wednesday. According to Ali_Charts, a TD Sequential sell signal recently emerged on the 4-hour chart, suggesting a pullback may be imminent. During the week, short traders will be focused on the charts, looking for short setups or to secure profits.
Dogecoin (DOGE): Waiting for a Bounce
At the end of Sunday evening trading sessions, DOGE fell 4%, slipping from $0.20 to $0.19 amid global macroeconomic headwinds and ongoing institutional outflows. However, technical indicators suggest a reversal could happen soon. The Doge Price approaches a strong demand zone near $0.19500, where prior rallies began. Buyers are expected to return with high volume, anticipating a spike from this support.
The growing interest in Ethereum-based tokens and innovations like Remittix may herald changes in the cryptocurrency market. Analysts' expectations and the current status of these assets may lead to significant volatility in the future.
