Revolut Bags Cyprus License for EU Expansion — Could POL, SOL and INJ Ride a Retail On-Ramp Wave?

Revolut has secured a new license in Cyprus, paving the way for broader EU operations. This move raises questions about which cryptocurrencies could benefit. Could this boost the prospects of POL, SOL, and INJ? The article will explore how these digital assets might fare in the evolving market landscape.

POL (ex-MATIC) Struggles but Holds Potential for Growth

Source: tradingview 

POL's price movements are currently between sixteen and twenty-one cents. It has been on a rough path, dropping by about 3% over the past week and over 16% in the last month. Despite this, the coin clings onto its nearest support at just above fifteen cents. If POL can break past the nearest resistance at roughly twenty-three cents, it might surge towards its second resistance at about twenty-seven cents. This would mean a potential increase of more than 25% from its current level. With an RSI under fifty, it's neither overbought nor oversold, indicating a balanced market stance right now. Its journey is challenging, but there's room for hope.

Solana Eyes Growth Despite Recent Dips

Source: tradingview 

Solana (SOL) is seeing some ups and downs in its price movements. It currently trades between one hundred seventy-one and a little over two hundred dollars. The coin has strong resistance at two hundred twenty-eight dollars, with support found at one hundred fifty-four dollars. Over the past week, SOL dropped by just over 2.6%, and over the last month, it fell by more than 14%. However, it has grown by about 25% in the last six months. If SOL manages to break past its first resistance level, it could potentially rise to nearly twenty-eight percent to hit its second resistance at two hundred sixty-five dollars. The coming weeks will be crucial for Solana’s momentum and potential growth.

Injective (INJ) Shows Potential for Rebound Amid Price Dips

Source: tradingview 

Injective (INJ) is currently priced between $7.52 and $9.84. Recent trends show it is down nearly a third over the past month. Yet, its price volatility hints at a possible bounce. The nearest resistance is just above $11, which suggests room for growth. If INJ hits this level, it could climb around 30% from its low right now. Breaking past $13 could add a further 37% increase. While challenges exist, signs are there for a rise. The technical indicators provide mixed signals. With the right conditions, investors could see some gains. It is crucial to watch how this unfolds in the coming weeks.

Conclusion

The new license could boost Revolut's presence in the European Union. This could provide more exposure for POL, SOL, and INJ. As Revolut grows, these coins might gain more traction among retail investors. Increased accessibility through a major platform may foster greater adoption. This development has potential implications for the broader crypto market, particularly for these specific coins.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.