Solana’s hot streak just hit a wall. After surging past $200, the SOL price has plunged over 12% in just a week, leaving investors questioning what’s next.
While whales sell and technical indicators flash red, one early-stage altcoin is quietly stealing the spotlight.
Up 484% in its ICO, Remittix is gaining traction as a utility-first alternative in a market desperate for real-world use cases.
Solana Price Signals More Downside Ahead In August
Solana Price has taken a sharp hit this week, and traders are split on what comes next. The SOL Price dropped over 12%, sliding from $206 to around $162. This decline has triggered renewed concern across the market, with the latest Solana News revealing a growing rift between whales and retail holders.
One whale offloaded 108,000 SOL tokens worth nearly $18 million onto exchanges like OKX and Binance. That’s no small move. Historically, when whales deposit large amounts, it’s to sell, not to hold. So it’s no surprise that Solana price prediction is under pressure.
The Solana Price Prediction from on-chain analysts points to a bearish setup. Open interest is falling. Futures traders are stacking short positions. And technical indicators aren’t helping either. RSI dropped below 42, while the Stochastic RSI is clinging to extreme lows, suggesting sellers still control momentum.
Interestingly, retail traders are trying to counterbalance this with steady accumulation. Solana has seen seven consecutive days of negative netflows, a signal that investors are pulling SOL off exchanges in hopes of a rebound. But whether they can absorb continued whale dumping is uncertain.
If the Solana Price falls through $154 support, the next stop could be $142. If bulls push back, $183 becomes the recovery target. But for now, everything hinges on how long whales keep exiting.
Remittix Emerges as Top Performer While Solana Slides
While Solana stumbles with a sharp 12% correction, Remittix is doing the exact opposite, surging past expectations. With over $17.9 million raised and more than 579 million RTX tokens sold, this early-stage altcoin is now up 484% from launch. The current token price sits at $0.0895, and analysts are calling it one of the most effective utility tokens of the year.
What makes Remittix different? Simple. It’s already solving a real, billion-dollar problem in global payments. While most coins are busy tweaking protocols or announcing upgrades, Remittix is building a live crypto-to-fiat bridge that merchants and users can actually use.
Key Remittix Features
- Converts 40+ cryptocurrencies into fiat in minutes
- Avoids wire transfer delays and eliminates FX conversion fees
- Merchants can accept crypto and auto-settle in local currency
- Beta testing of Remittix Wallet launches September 15
Even as the Solana Price Prediction outlook grows uncertain, Remittix stands strong with real-world traction and growing community buzz. Investors are taking notice not just because of price gains, but because the project keeps delivering. With SOL News flashing red and SOL Price Today under pressure, many traders now look at RTX as a safer long-term play.
If the next altcoin breakout comes from real-world adoption instead of hype, then Remittix looks ready to lead.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/solana-price-prediction-sol-price-crashes-12-can-it-recover-this-early-stage-altcoin-is-up-484-in-its-ico/