Mantle rallies by over 30% as Solana falls below $100; GFOX raises over $2.75m in presale

In this article, we’ll dive into the post-ETF whirlwind that has gripped the crypto space, including the Mantle (MNT) surge, the dip of Solana (SOL) below $100, and the performance of Galaxy Fox, which has cleared over $2.75 million in its pre-launch phase.

Mantle pumps by over 30%

MNT has surged sharply, breaking out of an upward channel pattern and reaching a high of $0.85. 

However, profit-taking may have occurred at this level. Both moving averages are sloping upwards, indicating a bullish trend. Still, caution is advised due to a negative divergence on the RSI. 

The next major challenge is $0.85; if this level is broken, the price could rise to $1. 

Conversely, a break below the 50-SMA could signal the end of the uptrend, potentially leading to a fall to $0.65 or $0.58.

Solana drops below $100

Solana has faced challenges after reclaiming the $100 threshold. 

Despite a slight recovery, SOL grappled with profit-taking and a descending triangle pattern formation, falling below $100.

This comes after SOL hit multi-year highs surpassing $125 in December, fueled by broader crypto market tailwinds and renewed demand for layer-1 alternatives to Ethereum.

The robust rally since September has given way to intensifying selling pressure following extreme overbought conditions. 

Nonetheless, bulls have shown dip-buying conviction around the $85 support level twice thus far in 2024.

Looking ahead, watching SOL’s ability to maintain its footing above the technically significant $85 mark will determine whether it avoids slipping toward its next key area of support, around $65. 

The crucial $85 zone remains a battlefield between exhausted rally participants taking profits and renewed buying interest aiming to spark another leg higher.

Galaxy Fox presale clears $2.6 million 

Galaxy Fox has raised over $2.6 million in its presale, demonstrating strong investor interest. 

Its innovative tokenomics model, which combines native yield, deflationary mechanics, and on-chain taxes, has captured the crypto community’s attention.

Unlike many memecoins, Galaxy Fox is a multifaceted project with a diverse revenue stream. It encompasses a captivating runner game, a cutting-edge NFT marketplace, and real-world merchandise sales. 

A portion of merchandise revenue is reinvested in marketing, highlighting the project’s strategic approach.

The presale is in stage 7, with GFOX priced at $0.00198. 

Over $2.75 million has been raised, and more than 2.3 billion tokens are in the hands of early investors, indicating growing momentum. 

The next stage will see the token price increase to $0.002178.

Galaxy Fox’s presale performance and strategic moves in the gaming and meme coin space position it for growth.