The Solana price has shown remarkable strength this summer, yet recent trading activity signals that the rally may be reaching its limits. After peaking at $208, the coin has faced resistance, causing a retreat toward the $181 zone.Â
Investors remain wary, with leveraged positions being unwound, and exchange outflows rising, and traders want to know whether Solana price has the steam to carry on into September. Through this volatility, Remittix (RTX) has become the clear exception, gaining substantial interest because of its utility in the real world, as well as its fast adoption.
Solana Price Under Pressure Despite Recent Gains
The Solana price recently broke out of a rising wedge pattern, only to encounter selling pressure that led to lower highs. The structural support at around 181 is accompanied by an ascending trendline, but direct resistance at 187 and 189 is a problem to bulls.
Furthermore, futures open interest decreased by 7 percent to 11.5 billion, and options volume soared more than 90 percent. These changes reflect a move by traders to de-leverage, hedge exposure and actively manage risk. The liquidations that took place in the last 24 hours amounted to $31.8 million, of which longs were disproportionately impacted.
On-chain activity mirrors this cautious stance. On August 18, capital outflow of about $85 million points to the fact that investors are cashing in or moving to more prospective projects. Past performances reveal that long outflows with no matching inflows tend to be followed by consolidation or retracement periods indicating that the next jump might be a turning point in the token.
Why Remittix Is Grabbing Attention As Solana Faces Resistance
Remittix is currently priced at $0.0969, having raised over $20.2 million and sold 608 million tokens. Unlike speculative altcoins, Remittix is designed for real-world PayFi utility, including cross-border payments and crypto-to-fiat transfers. As Solana price struggles to clear its short-term resistance, Remittix is drawing both retail and institutional investors seeking a breakout opportunity.
Key highlights for Remittix this month include:
- Wallet Beta Launch scheduled in Q3 for seamless transactions.
- Global Cross-Border Utility with real-time FX conversions.
- Secure Infrastructure backed by audited protocols.
- Rapid Community Growth drawing active users across multiple continents.
- Market Momentum continuing despite broader crypto volatility.
With a clear use case and growing adoption, Remittix provides a compelling alternative for traders and investors who may be reconsidering Solana and other high-cap altcoins. Its combination of real utility, strong infrastructure, and investor confidence positions it as a hidden gem ready to accelerate while Solana price consolidates.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/ Â Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
