Solana is once again at the center of market debate as the asset trades near $88, leaving market participants divided over what comes next. Some analysts point to bullish technical structures forming on higher timeframes, suggesting the possibility of a move back toward the $100 range if momentum returns. Others warn that weakening support levels could expose SOL to further downside should market sentiment deteriorate.
With signals pulling in both directions, some investors are looking beyond short-term uncertainty in SOL. Several market participants are exploring payments-focused tokens that emphasise utility use cases rather than relying on SOL’s price action.
Analysts note Elliott Wave setup that could precede an impulsive move
Solana is trading at $88.66, up 2.1% in the latest session. Market data shows a 51% increase in 24-hour volume to $5.63 billion, indicating higher trading activity.
Analyst BitGuru highlights the $91 to $92 resistance band as a near-term focus, noting a rebound from the $80 support level and continued trading above $88. In BitGuru’s view, a decisive break above $92 would open the possibility of a larger upward move.
Elliott Wave analysis from More Crypto Online projects targets between $102 and $107 if buyers maintain higher lows. The analysis identifies nearby retracement levels at $89.75, $88.83, and $87.92, and notes that a break below $86.63 would alter the outlook toward the $71 to $77 range.
On the monthly chart, trader Tardigrade has identified a Cup and Handle pattern that developed after the 2021 rally and 2022 correction. The handle is described as a short-term pullback channel. Tardigrade and other analysts say a confirmed breakout above the pattern’s resistance could imply further upside; some long-term outlooks cite levels such as $150 as potential targets, though any such projection is uncertain and dependent on broader market conditions.
Analysts describe the current setup as contingent on price action around the $91 level.
Remittix: project updates and claims
Solana is trading near $91 resistance. According to project materials, Remittix has launched a wallet app and reports confirmed exchange listings and a holder count it states is 34,100. These figures are reported by the project.
The project says it supports crypto-to-fiat conversions across more than 40 digital assets and enables transfers to bank accounts, and it describes its fee approach and regulatory intentions in its materials.
According to the project’s announcement, the Remittix Wallet is available on the Apple App Store. The project states that Phase 1 supports storage, sending, and basic asset management, with crypto-to-fiat functionality planned in a later release.
The project materials describe plans to address payments use cases and say they intend to target users in the global payments market.
Project communications list the following milestones and claims:
- Project reports the wallet is live on iOS; Android support and crypto-to-fiat conversion are planned.
- The project states that CertiK has ranked RTX highly among pre-launch tokens and that smart contracts have been audited.
- The project has announced listings on BitMart and LBank, according to its communications.
- The project reports over 34,100 holders and states it has raised $29.7 million to date.
The project offers a referral program that, according to its materials, awards a percentage of referred purchases in USDT to referrers; specific terms and conditions are described by the project.
The project reports RTX at $0.13. The project’s communications indicate confirmed listings, but market timing and price direction remain uncertain.
This article is for informational purposes only and does not constitute financial or investment advice.
Further information is available on the project’s website and social channels:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
