Phoenix Price Prediction: PHNIX Is No. 1 Trending Crypto On CoinGecko As The XRP Mascot Pumps 13%, While This New ICO Goes Parabolic

The
Phoenix
price
surged
13%
in
the
past
24
hours
to
trade
at
$0.00008105
as
of
02:38
a.m.
EST
on
trading
volume
that
surged
23%
to
$561K.

The
pump
helped
PHNIX
become
the
No.
1

trending
crypto
on

CoinGecko.
Phoenix
is
built
on
the
Ripple
blockchain
and
calls
itself
XRP’s
”iconic
mascot.”

Phoenix
Price
Gears
Up
For
A
Price
Recovery

The


PHNIX
price

on
the
4-hour
chart
exhibits
an
overall
bullish
trend,
with
a
strong
rally
beginning
in
mid-December
2024
and
pushing
the
price
to
a
peak
above
$0.0001400.

Following
this
sharp
rise,
the
price
of
Phoenix
entered
a
falling
channel
pattern,
a
common
consolidation
pattern
seen
after
aggressive
rallies.

Recently,
the
Phoenix
price
broke
out
of
the
descending
channel
to
the
upside,
reclaiming
the
50-day
Simple
Moving
Average
SMA
at
$0.00009021
as
support.
This
breakout
suggests
that
the
consolidation
phase
may
be
over,
and
the
prior
bullish
momentum
could
resume.

Notably,
the
200-day
SMA
sits
much
lower
at
$0.00004377,
reinforcing
that
the
long-term
trend
remains
decisively
bullish
despite
the
recent
pullback.

The
Relative
Strength
Index
(RSI)
currently
reads
50.38,
indicating
a
neutral
zone.
This
suggests
that
neither
bulls
nor
bears
hold
a
dominant
position
at
this
moment. 

However,
the
RSI
has
moved
up
from
oversold
conditions
(below
30)
during
the
descending
channel,
which
is
a
positive
sign.
A
continued
upward
movement
in
RSI
could
confirm
a
resurgence
in
bullish
momentum.

PHNIX
Price
Prediction:
What
Next
For
This
XRP
Coin

With
the
descending
channel
breakout,
PHNIX
appears
poised
for
further
upside.
The
immediate
resistance
level
to
watch
is
$0.0001000,
which
is
a
psychological
barrier
and
coincides
with
previous
horizontal
resistance.

If
the
Phoenix
price
clears
this
level,
the
next
target
is
$0.0001200,
aligning
with
previous
highs
within
the
descending
channel.
A
more
ambitious
target
lies
at
$0.0001400,
the
recent
swing
high.

On
the
downside,
the
next
key
support
would
be
at
0.0000700,
where
buyers
previously
stepped
in.
Further
bearish
pressure
could
push
the
price
of
PHNIX
to
the
200-day
SMA
around
$0.00004377. 

Meanwhile,
investors
are
also
buying
a
new
Solana
meme
coin
called


Solaxy
(SOLX).
According
to
99Bitcoins,
a
popular
crypto
YouTube
channel
with
over
719K
subscribers,
Solaxy
has
the
potential
to
soar
100X
post-launch.

First
SOL
Layer
2
Project
Solaxy
Soars
Toward
$9
Million

The
Solaxy
presale
has
gained
remarkable
traction,
raising
over
$8.6
million
in
less
than
a
month.

Solaxy
takes
a
unique
approach
to
solving
Solana’s
congestion
issues
with
its
Layer
2
scaling
solution.
Its
Layer
2
framework
boosts
efficiency,
customization,
and
performance
while
leveraging
Solana’s
strengths.

Optimized
for
speed
and
scalability,
Solaxy
delivers
smooth
and
reliable
transactions
without
congestion
or
failures. 

By
combining
Ethereum’s
liquidity
with
Solana’s
scalability,
it
also
offers
multi-chain
compatibility,
blending
the
best
of
both
ecosystems.

????
Solaxy
is
now
live
in
Upcoming
Tokens!
????@SOLAXYTOKEN
gives
holders
an
opportunity
to
join
the
first-ever
Solana
Layer
2
blockchain.

Solaxy
is
set
to
enhance
blockchain
innovation
through
limiting
congestion,
reducing
failed
transactions,
and
improving
scalability
on
SOL.…

pic.twitter.com/satNF6zFNF

—
Best
Wallet
(@BestWalletHQ)

December
17,
2024

Additionally,
its
staking
program
offers
a
huge
403%
annual
return,
and
over
2.8
billion
SOLX
have
already
been
staked.

Investors
interested
in
participating
in
the
presale
can
visit
the
official
Solaxy
website
to
buy
SOLX
tokens
at
$0.001592
each
using
BNB,
ETH,
USDT,
or
a
bank
card.

Buy
before
a
price
hike
in
about
one
day
to
secure
the
best
deal.

Visit
the
SOLX
website
here.

Related
News