Earlier this week, Solana price surged past the $200 resistance level with a strong double-digit intraday rally. The spike followed a stretch of heavy selling and fading bearish momentum, helping SOL break through key resistance. However, the rally was short-lived.
Profit-taking by short traders, combined with the latest delay in SOL ETF approvals, quickly shifted sentiment, sending Solana below the $185 support line. Meanwhile, Remittix (RTX), a new crypto PayFi solution, continues to fly amid the woes of the Solana price trajectory.
On-chain data confirms that it has seen a spike in institutional and retail activity, supporting the verdict of several analysts who believe Remittix will be one of the highest-performing mid-cap cryptos this summer.
As of now, the aggregated influx of capital through investor crowdfunding stands at $19.6 million and is showing signs of slowing down. We’ll first examine the technical outlook for Solana price movement, followed by a closer look at the key details surrounding Remittix.
Solana Price Outlook: From $200 Breakout to $185 Breakdown
Solana’s price action this month has highlighted just how quickly market sentiment can change in the crypto space. Earlier in the week, Solana broke through the $200 resistance level with a strong double-digit rally, driven by renewed optimism and talk of a new “altcoin season” among traders. However, the momentum didn’t last long.
A few days later, Solana’s gains were erased after the U.S. SEC announced another delay in approving several pending SOL ETFs. The news dampened the bullish outlook and quickly shifted sentiment back in favor of the bears.
Further weighing on Solana price, a round of profit-taking by short traders and a surge in large transactions from crypto whales led to more than $213 million in SOL changing hands within just a few hours, rattling investor confidence. As of now, Solana is trading below the $185 support level, marking a 4.5% decline for the day.
Remittix Continues to Fly-High Amid Solana’s Woes
Remittix ($RTX) has quietly become one of the most talked-about mid-cap cryptos heading into the final four months of 2025. This project is built to make cross-border crypto payments simple for anyone, anywhere in the world. Everyday users will be able to use the platform to send and convert digital assets into local fiat currencies, without extended delay periods or high transfer fees.
Retail and institutional movements point in the direction of Remittitx, securing $19.7M worth of RTX tokens and closing in on the $20M target. Once this threshold is reached, the project team will unveil the name of its first centralized exchange (CEX) listing. Market experts have predicted that this calculated move will not only boost liquidity but also expand the exposure of Remittix in the overall crypto market.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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