Abra’s Bill Barhydt Technical Analysis on Solana – Pullix Raises Over $3Million

By BeInCrypto January 11, 2024 In Solana

Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

Solana (SOL)’s on-chart data showcases a number of technical indicators (TA). The crypto is witnessing a triple bottom and a descending triangle forming amid the descending trading volume. Pullix (PLX) witnessed bullish performance on the charts as it entered Stage 6 of its presale.

Solana (SOL) Technical Analysis by Bill Barhydt Showcases a Bullish Outlook

Solana (SOL) has faced a price correction during the past week as the price dipped by 10%. In the past week, the overall value of the Solana crypto moved from $92.23 to $116.26. It has since found support at the $94 price level.

CEO of Abra, Bill Barhydt recently shared data surrounding the Solana price on X (Twitter). Abra is a financial services and technology company that developed a non-custodial wallet popular among Web3 circles.

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According to the analysis, the triple bottom and descending triangle formed on the 4-hour chart on January 5, 2024. However, Macro news will still trump technicals for a few weeks. SOL is scaling incredibly well, and stablecoin volume is taking off.

Pullix (PLX) Experiences Explosive Growth With Stage 6 of the Presale

Pullix (PLX) is a trading exchange that will combine the features of CEXs and DEXs into a unified platform. The platform is developed on top of the Ethereum blockchain and will implement a plethora of useful tools for both experienced and novice traders.

The platform will solve liquidity issues. It will achieve this by incentivizing user contribution to the ecosystem.

  • Its onboarding procedure will be simple as well, and users will not need to complete any mandatory KYC procedures.
  • The platform will not have any central points of failure, and users can store their own private keys.
  • Pullix will have zero commissions and tight spreads.

🔥 Major Pullix Milestones Achieved! 🔥

We are absolutely thrilled to share that we have OFFICIALLY SOLD OUT our entire Stage 5 presale allotment faster than ever, thanks to you, our amazing community! 🙏

This lightning pace has rocketed our total raised past a new milestone -… pic.twitter.com/Qbs621N5eu

The blockchain ICO reached stage 6 much quicker than expected. Now, a single PLX token trades at $0.08, and the presale has raised over $3,000,000. Clearly Pullix has had no issue in attracting investors after gaining 3,000 holders and selling over 60 million PLX tokens in less than a month,

Summary

Solana did experience a price correction. In the meantime, Pullix has achieved a major milestone with its presale. This can be attributed to its ecosystem. It will also feature a Yield Farm. Through it, users can stake their PLX balance and get passive income opportunities.

For more information regarding Pullix’s presale see links below: Pullix Website | Pullix Communities

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