Solana loses pace in the run-up to the holidays, holding below significant levels of resistance. The current technical analysis indicates that sellers remain dominant in the market, keeping Solana below $120 even while attempting to bounce back. At the same time, investors searching for the best cryptocurrency to invest are turning their backs on stagnant recoveries in favor of investment in projects at the infancy stage. In this regard, Mutuum Finance deserves mention as it has reached Presale Phase 6 with nearly all slots filled at 99%. As time goes by, in circulation, it has become the hot crypto as the investment to buy first.
Solana Faces Increasing Pressure Through Year-End
Current Solana price activity is bearish. After numerous failed attempts at breaking out above the low-to-mid-$120s, SOL is once again in an area where sell pressure is prevalent. Momentum aspects agree that the trend is slowing. Looking at shorter charts, purchase momentum is losing strength, and rallies lack conviction. The Relative Strength Index is below the center.
For longer-term timeframes, the outlook remains prudent. Solana is still locked inside a channel of lower highs and lower lows. Selling pressure is substantial, and trend analysis shows that bears are in control of the ship. The Fibonacci levels suggest that support lies around $116, while firmer levels of resistance lie far higher. Until such a time when volume makes a substantial shift, it is expected that SOL will remain below $120.
There are mixed feelings and caution among analysts. While some of them see further corrections as levels of interest to buy, others think that if current levels are not supported, it may lead the prices lower. Therefore, some holders are tempted to explore crypto selections beyond the market leaders and focus on a new crypto offering attractive entry levels and tremendous growth potential.
Mutuum Finance Skyrockets in Presale
Solana’s pace is slowing down, but Mutuum Finance is growing in popularity. Presale Phase 6 is almost full at 99%, which means that the window to acquire at this price is closing fast. Since the presale started, approximately $19.5 million has been raised, and the number of holders of the MUTM token has increased to 18,560. Current Phase 6 pricing is at $0.035, which is an increase of 250% from Phase 1’s pricing of $0.01.
Phase 6 is selling out quickly, and the opportunity to buy the tokens at this price is passing by rapidly. Once Phase 7 is opened, the price is bound to increase by approximately 20% to $0.04. Launching at a price of $0.06, investors can expect an increase of approximately 410% at the time of trading. It is this scenario of price increase that makes many speculators consider Mutuum as the best crypto to invest in at the time.
Mutuum is doing everything right to gain trust. They have already begun an independent audit, where a security review of the lending and borrowing Smart Contracts is being performed by Halborn Security. This is improving investment confidence in their underlying infrastructure. Mutuum has also laid out its plans for development.
Through an official update, the team revealed that the launch of the V1 protocol will be completed on the Sepolia testnet during Q4 of 2025. With this development, users will enjoy core functionality such as the Liquidity Pool, mtToken, Debt Token, and even the Liquidator Bot. Currently, just ETH and USDT will be supported, which will allow for live testing to take place. All in all, such plans ensure that Mutuum is among the next big cryptos that have actual utility.
With Solana under pressure and Mutuum Finance’s Phase 6 almost sold out, it all boils down to timing. When this phase disappears, those who miss it will be missing out on the best crypto to invest in.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
Source: https://www.cryptopolitan.com/solana-sol-recovery-rally-cant-stop-the-frenzy-for-this-best-cryptocurrency-to-invest-in/
