It is a Layer-2 network built on the Solana blockchain, aiming to alleviate congestion, improve transaction speeds, and reduce costs through roll-ups technology.
The project also focuses on bridging between Solana and Ethereum, with support for multi-chain linking and smart analytical tools.
The token is set to launch in early 2025 after a funding campaign that included substantial public and commercial support exceeding 40 million dollars.
According to a technical analysis from Cryptsy (about two days ago), the current price levels for SOLX are:
Strong support at **0.42 $**
Strong resistance at **0.68 $**
Technical analysis:
Bouncing from support 0.42 $: may indicate strong buying and push the price up towards resistance.
Dropping below 0.42 $: may lead to lower support levels, such as 0.30 $.
Approaching resistance 0.68 $: may test a level that could maintain the price or lead to a bullish breakout.
Breaking above 0.68 $: may drive the price towards higher targets like 0.80–0.90 $ provided there is sufficient trading volume.
Investment and monitoring recommendations:
1. Monitor the volume and number of platforms on which SOLX appears—higher liquidity = lower volatility and more reliability.
2. Use confirmation indicators like RSI or MACD to reduce false predictions.
3. Set stop-loss points below the safe trading level (e.g., at 0.38 $) to protect capital.
4. Monitor the official listing updates on major platforms, as listings can affect price dynamics. #solx #solana #sol $SOL #BinanceAlphaAlert #CryptoRoundTableRemarks
