Market Analysts Warn Of Further Solana (SOL) Slump In August, Prompting Traders To Reposition In Remittix (RTX)
The post Market Analysts Warn Of Further Solana (SOL) Slump In August, Prompting Traders To Reposition In Remittix (RTX) appeared on BitcoinEthereumNews.com. Solana’s sharp reversal has spooked the market. After peaking above $200, Solana Price is now slipping fast, with analysts warning of more downside in August. Meanwhile, traders aren’t waiting around. Many are already rotating into Remittix (RTX), a rising PayFi crypto offering real-world utility. With SOL stalling, RTX is gaining attention as the smarter, safer play in an increasingly shaky altcoin environment. Solana Price Crashes Below $170 After Sharp Weekly Drop Solana’s bullish momentum has taken a sharp turn. After briefly crossing $205 in late July, the SOL Price has now dropped over 20%, sitting closer to $160. The pullback isn’t surprising given the overheated rally, but the sudden reversal has sparked concern among investors. The Solana Price today reflects growing caution, especially with Bitcoin dominance rising and altcoin strength fading. The Solana Price Prediction for August now leans bearish, with technicals showing declining RSI and a MACD that just flipped downward. Traders have noted SOL Price is struggling to hold above the $160 support. If it breaks, analysts say a slide toward $150 isn’t off the table. The SOL News cycle has also shifted focus—from meme coin hype to broader ecosystem development. That pivot may be good long-term, but in the short run, it’s left Solana exposed. Platforms like pump.fun aren’t pulling as much retail activity, and newer Layer 2 chains like Base are stealing the spotlight. Despite maintaining solid daily active address counts, the Solana Price has suffered from fading momentum and profit-taking pressure. Many traders are now diversifying into alternatives. Remittix (RTX), for example, has quietly attracted serious capital thanks to its PayFi focus and crypto-to-fiat utility. Compared to Solana News driven by speculation, Remittix offers something grounded—and it’s gaining traction quickly. Remittix Emerges As Top Pick Amid Solana Price Decline While Solana news shows growing weakness,…
The post Market Analysts Warn Of Further Solana (SOL) Slump In August, Prompting Traders To Reposition In Remittix (RTX) appeared on BitcoinEthereumNews.com.
Solana’s sharp reversal has spooked the market. After peaking above $200, Solana Price is now slipping fast, with analysts warning of more downside in August. Meanwhile, traders aren’t waiting around. Many are already rotating into Remittix (RTX), a rising PayFi crypto offering real-world utility. With SOL stalling, RTX is gaining attention as the smarter, safer play in an increasingly shaky altcoin environment. Solana Price Crashes Below $170 After Sharp Weekly Drop Solana’s bullish momentum has taken a sharp turn. After briefly crossing $205 in late July, the SOL Price has now dropped over 20%, sitting closer to $160. The pullback isn’t surprising given the overheated rally, but the sudden reversal has sparked concern among investors. The Solana Price today reflects growing caution, especially with Bitcoin dominance rising and altcoin strength fading. The Solana Price Prediction for August now leans bearish, with technicals showing declining RSI and a MACD that just flipped downward. Traders have noted SOL Price is struggling to hold above the $160 support. If it breaks, analysts say a slide toward $150 isn’t off the table. The SOL News cycle has also shifted focus—from meme coin hype to broader ecosystem development. That pivot may be good long-term, but in the short run, it’s left Solana exposed. Platforms like pump.fun aren’t pulling as much retail activity, and newer Layer 2 chains like Base are stealing the spotlight. Despite maintaining solid daily active address counts, the Solana Price has suffered from fading momentum and profit-taking pressure. Many traders are now diversifying into alternatives. Remittix (RTX), for example, has quietly attracted serious capital thanks to its PayFi focus and crypto-to-fiat utility. Compared to Solana News driven by speculation, Remittix offers something grounded—and it’s gaining traction quickly. Remittix Emerges As Top Pick Amid Solana Price Decline While Solana news shows growing weakness,…
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