A seasoned analyst has outlined three conditions for a possible Ripple breakout. Meanwhile, the recovery potential of Solana is being investigated, raising concerns about its future trajectory. Pullix stands out in the market, preparing for its Stage 7 presale, making it the best crypto to buy now.
Ripple (XRP) Could Breakout on Three Conditions
Blockchain Backer, a veteran market analyst, highlighted the XRP price condition on YouTube and the conditions for a breakout. The Good Morning Crypto podcast recently made reference to the prediction.
Backer emphasized that before Ripple coin can achieve this breakthrough, it should meet several macroeconomic and wider cryptocurrency market requirements.
These factors include the volatility of Bitcoin prices, increasing or decreasing depending on altcoin values and changes in stock market value. He noted that the Ripple coin experienced previous bull runs parallel to the rising value of Bitcoin.
He also highlighted that Ripple’s past behavior was congruent with broader movements in the alt coin market. He also added that a bullish trend in the stock market will impact Bitcoin and then Ripple’s higher price.
Solana (SOL) Faces Strong Resistance At $95
Solana (SOL) was one of the best crypto to buy in 2023. However, since the Solana coin reached a two-year high of $126.1 in December, it has declined. Interestingly, the Solana network has maintained excellent underlying growth characteristics in 2024.
Data from CoinMarketCap shows Solana fluctuating between $79.57 and $102.06 on the weekly price chart. Still, analysts believe there is a chance for a market recovery. They cite Solana’s price movement above the 200-day SMA ($43.53) and the rise in Solana phones as major catalysts.
On the upside, the alt coin could rebound if it successfully crosses above $95. However, the 20-day SMA ($95) could pose a major resistance for the Solana coin due to the high sell order there.
Pullix (PLX) Getting Set for Stage 7
Pullix (PLX) has almost sold out stage 6 of its presale with just 15.6% tokens left. Smart investors are currently buying into the project as its price will increase once it enters stage 7. Meanwhile, experts have dubbed it the best cryptocurrency for beginners. This is because it is loaded with features.
First, Pullix is a hybrid trading platform. It combines the greatest elements of the conventional (CEX) and modern (DEX) exchanges. This mix of features is generating a lot of positive buzz, which is why experts are mentioning Pullix as one of the initiatives to keep an eye on.
Pullix allows you to trade across many asset classes, including forex, gold, and cryptocurrencies, taking advantage of the currency market’s $6.6 trillion daily turnover. This gives Pullix and its ERC20 token, PLX, massive potential.
Currently, the price of one PLX token is only $0.08. But don’t expect it to remain this low for long. As the presale continues, the price is certain to grow. Furthermore, market experts forecast a 200% surge for the ERC20 token before the presale finishes.
Conclusion
The bearish sentiment surrounding Ripple and Solana has made Pullix the best cryptocurrency for beginners. Apart from its bullish momentum, it has a lot of earning opportunities that new and old users can take advantage of.
For more information regarding Pullix’s presale see links below:
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Source: https://www.crypto-news-flash.com/veteran-gives-three-key-conditions-for-ripples-breakout-solanas-recovery-on-the-balance-pullix-prepares-for-stage-7-launch/?utm_source=rss&utm_medium=rss&utm_campaign=veteran-gives-three-key-conditions-for-ripples-breakout-solanas-recovery-on-the-balance-pullix-prepares-for-stage-7-launch