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Solana (SOL) is down, shaking investor confidence, with some having anticipated the altcoin to reach $200. However, an analyst remains optimistic about further gains. Another analyst predicts that the Pullix presale token could soon reach $0.1. Meanwhile, Stacks proponents aim to regain the $2 price level.
Pullix bulls target $0.1
Pullix recently rose to $0.08.
Pullix combines aspects of decentralized (DEX) and centralized (CEX) exchanges, providing users with a comprehensive trading experience.
It offers a range of tradable assets, including cryptocurrencies, commodities, indices, currencies, and stocks.
PLX, the ERC-20 token, plays a crucial role by powering the platform’s features.
Pullix introduces the “trade-to-earn” mechanism, allowing token holders to earn a daily share of their profits.
Furthermore, Pullix incorporates an AI-powered copy trading tool. Leveraging artificial intelligence, Pullix enables traders to mirror the trading strategies of experienced experts.
Users can enhance their profitability and make more informed decisions by emulating their successful trading patterns.
PLX is trading for $0.08 in its sixth presale stage, but analysts expect the token to reach $0.10.
Solana retraces
A cryptocurrency analyst has predicted that Solana will continue to rise despite a recent price correction.
The altcoin has lost favor with some investors after its recent drop to $90.
The analyst believes SOL is forming a triangle pattern, which could signal an upward trend.
However, he cautions that the pattern is unusual, and a price drop is possible.
The analyst remains optimistic about Solana’s prospects as long as the recent pullbacks are corrective.
Solana’s price has fluctuated between $87.74 and $106.55 in the past week.
Stacks analysts optimistic
Stacks rose 664% over the past year, outperforming many other cryptocurrencies despite the market downturn.
This surge can be attributed to a combination of factors, including growing excitement surrounding Bitcoin ETFs and Stacks’ role as a layer-2 solution for Bitcoin.
Currently, STX is trading between $1.47 and $2.04.
Prices rose 97.2% on the monthly chart and 15.3% on the weekly chart.
Bulls are driving the price towards the $1.80 resistance level. Overcoming this obstacle could propel the altcoin to $1.95.
This upward momentum is supported by a rising RSI of 62, indicating increased buyer dominance.
Stacks’ technical indicators suggest a favorable market environment with upward-moving moving averages.
If the bulls break through $1.95, the next target could be $2.
Finally
Solana and Stacks are recovering and attempting to retest previous price levels. Meanwhile, analysts are bullish on Pullix ahead of its January launch. The project promises to provide traders a smooth trading experience and access to a wide range of assets.
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