According to analyst Ali, Dogecoin could be on the cusp of an impressive price move that might ignite a significant short squeeze. If Dogecoin's price rebounds to $0.35, $766.45M in short positions will be liquidated. The liquidation could significantly impact Dogecoin's price movement going forward. Similarly, Solana’s price stabilized on January 28, erasing some of the losses experienced on Monday when Bitcoin and other altcoins crashed.
The SOL token faces different catalysts that could push its price even higher in the longer term, including Grayscale's filing for Solana and Litecoin ETF launch and the potential inclusion into the Strategic Bitcoin Reserve. The move comes as investors are now considering the Remittix(RTX) presale, which has seen significant milestones, including a price rally to $0.0456 and presale funding of over $9M.
Dogecoin Surge to $0.35 Could Trigger a Large Short Squeeze
The updated liquidation heatmap reveals substantial short positions between $0.3397 and $0.3436. It highlights the importance of recognizing high liquidity zones, as these areas attract large traders or whales who take advantage of opportunities to execute significant trades, with the magnet zone just beneath $0.35.
Liquidations are vital in the crypto market, quickly affecting price movements when heavily leveraged traders are compelled to close positions. Additionally, Ali’s examination of Dogecoin's price is consistent with the overall technical analysis, indicating that the DOGE token may be at a pivotal point.
Meanwhile, the price of Dogecoin remains above its crucial 0.32 Fib retracement, a support level that has been preventing further dips during the latest market sell-off. On the upside, the 0.5 retracement level at $0.394 remains a key level. A sustained recovery near this threshold could spark greater bullish confidence, with potential resistance emerging around the $0.476 and $0.592 region if Dogecoin regains enough uptrend force.
Potential Solana Price Targets with SBR Inclusion
Despite a recent drop in Solana's price, which fueled anxiety in the crypto market, the SOL token has recovered to stay above the $235 region. This latest uptick mirrored the trend in other altcoins as Bitcoin climbed to $103K. Solana’s price surge is linked to several factors, including its recent overtaking of Ethereum in fees, amassing more than $220M this year.
Additionally, Grayscale's Solana ETFs filing and the increasing likelihood of SEC approval for SOL ETFs, which Polymarket estimates at 86%, have also boosted the token price. This development could attract over $6B in new institutional investments. Technical indicators suggest that Solana's price may continue to rise.
The SOL token has remained above its rising trendline, which links the lowest swings since November 2023. The SOL price has also moved past a key support level of $210, which was its March 2024 highs. Moreover, Monday’s crash also led to a small hammer candlestick pattern, a popular bullish reversal signal. Therefore, the inclusion of the Strategic Bitcoin Reserve could allow the SOL token to cross its ATH high, with the next target being the $500 level.
Remittix (RTX): A New DeFi Venture Eyeing Cross-Border Transactions
Remittix (RTX), a PayFi altcoin, addresses cross-border transfers with its near-instant crypto-to-fiat system, freeing users from the hidden fees and tiresome processes associated with traditional processes. Rather than working through corporate deals, Remittix (RTX) opens its door to anyone looking for cheaper and faster conversions, setting it apart from competitors like Wise, Stripe, and Coinbase.
Moreover, Remittix's capability to seamlessly facilitate crypto-to-fiat transactions directly to banks is something that its competitors have failed to achieve. With a transparent flat-fee model, Remittix will ensure recipients receive the amount sent without hidden charges like foreign exchange wires or conversions. This feature has positioned Remittix as the most cost-effective alternative to traditional banking systems.
Beyond payments, Remittix also introduces the Pay API, allowing businesses and freelancers to accept crypto payments from customers and settle them in fiat to any bank account globally. Its merchant account gives businesses complete control over their cash-outs in over 30 fiat currencies and 50-plus crypto pairs, enhancing operational flexibility.
This has already seen the RTX token raise over $9 million in presale funding. Moreover, its price has surged to $0.0456 as early investors hope to capitalize on its growing momentum. Remittixalso has a 30% running Trump Bonus that will end soon.
Which Crypto Offers the Best Investment Opportunity for 2025? DOGE, SOL, or RTX
Dogecoin is set to liquidate $766.45M once its price hits the $0.35 level, a move that could significantly impact the future price movement of the DOGE token. Solana is also targeting the $500 level backed by incoming ETF approval and inclusion in the Strategic Bitcoin Reserve, as Remittix’s Trump Bonus attracts more presale investment to surpass the $9 million milestone with a price rally to $0.0456.
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