SOL and AVAX retest resistance lines, GFOX presale approaches $4m

The crypto market is currently stable, with Bitcoin (BTC) holding its position and other altcoins benefiting from this trend. Solana (SOL), Avalanche (AVAX), and Galaxy Fox (GFOX) appear to be making progress.

Galaxy Fox presale selling out fast

Galaxy Fox combines meme coins, gaming, NFTs, and staking opportunities. 

It rewards its community in various ways and aims to reduce its supply over time, which could potentially increase its value. 

The project has shown steady and positive performance in its presale. In stage 7, over 99% of allocated tokens have been sold. There are only three phases remaining.

At the end of the presale, early, stage 1 presale investors will be up 450%.

Solana and AVAX price analysis

Solana outage forced prices to $92.8. Even so, SOL has recovered sharply, trading above $110. 

Analysts expect SOL to reach $130 if bulls overcome the resistance at $110. 

Meanwhile, AVAX is up 10% to $40, lifting its market cap to almost $15 billion and trading volume by 82%. 

At spot rate, AVAX has flipped Dogecoin (DOGE), finding a spot in the top 10. 

Looking at the daily chart, there’s a possibility of a break out above the $40 resistance level. 

This breakout might trigger a rally to $43.85.

A reversal from resistance could force the coin to $33.85. 

Indicators like the Relative Strength Index (RSI) and Awesome Oscillator (AO) are bullish on AVAX. 

Bottom line

Galaxy Fox presale is in progress, preparing for stage 8, where GFOX prices will increase slightly. Crypto prices are firm, and considering new altcoins like GFOX may lead to higher yields.