Solana Latest News: Why SOL Price Is Falling As Early Investor Backs This New Altcoin At $0.0987

Solana Latest News: Why SOL Price Is Falling As Early Investor Backs This New Altcoin At $0.0987
Written By:
Market Trends
Published on

Solana has been under pressure in recent sessions, with its price slipping below $190 after failing to clear resistance near $205. This weakness has caught the eye of traders, but while Solana struggles, a growing number of early investors are backing Remittix, a PayFi altcoin that has raised over $21.5 million by selling more than 622 million tokens at $0.0987 each. RTX  is gaining attention as a potential breakout star, even as Solana struggles to sustain bullish momentum.

Solana Price Struggles To Hold Ground

Source: TradingView
Source: TradingView

Solana (SOL) has fallen to a low of $188 after failing to move past the $205 resistance. The Solana price has demonstrated its strength in previous rallies but now the retracement shows that bulls are running out of control. Analysts highlight the $172–$176 support range as the next critical zone, where a bounce could restart momentum.

Despite long-term confidence driven by a $1 billion investment from Galaxy Digital, Jump Trading, and Multicoin Capital, the short-term trend points to cautious trading. If Solana breaks below $176, it could revisit $155, delaying its road to higher targets like $240 or $265.

Why Remittix Is Grabbing Attention

While Solana consolidates, Remittix is standing out as one of the best crypto projects 2025, making analysts call it the best crypto to buy now. The project has already raised more than $21.5 million and sold over 622 million tokens. Unlike many speculative altcoins, Remittix is building a foundation in cross-border payments and real-world utility, setting itself up for explosive growth.

Key Features Driving Remittix

  • Backed by strong early investor interest with over $21.5M raised

  • Cross-chain DeFi project built for payments and remittances

  • Mobile-first wallet launching with instant FX conversions

  • Created to suit freelancers, global workers, and businesses

  • Community oriented ecosystem where 20% of referrals are rewarded

These fundamentals make Remittix different from meme coins that rise and fall quickly. Analysts believe it has the potential to deliver 100x gains before January, especially as whales rotate capital from projects like Cardano, XRP, and Solana into newer opportunities.

Which Crypto Will Lead Into 2025?

The latest Solana price dip highlights how even strong networks face volatility, but the rise of Remittix shows where smart money is moving. With powerful utility, rapid adoption, and momentum from institutional-style backers, Remittix could outperform not just Solana but also meme coins aiming for quick spikes. For investors seeking long-term upside, it is emerging as the real altcoin to watch.

Discover the future of PayFi with Remittix by checking out their project here:

Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp

                                                                                                       _____________                                             

Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.

Related Stories

No stories found.
logo
Analytics Insight: Latest AI, Crypto, Tech News & Analysis
www.analyticsinsight.net