Solana is testing key support levels near $198.65 this week. Market participants are watching for a rebound or a continuation of the recent decline. Some traders are also monitoring other altcoins with different use cases, including Remittix (RTX), a PayFi-focused token that the project says is aimed at payments and crypto-to-fiat transfers. The project also cites a CertiK review and a wallet beta as recent milestones.
Solana Support and Resistance
The Solana price is currently $196 as the cryptocurrency tests a key support level. The market has retraced roughly 50% of its August-to-September rally, landing near $198.65, a midpoint some traders are monitoring. This level could hold as a base for a rebound or break, which could open the way for further downside toward $185–$190. Analysts also note that the 4-hour RSI is rebounding from oversold territory, which may indicate that selling pressure is easing.
Solana has shown demand in the $185–$190 area in recent trading. Short-term resistance levels are around $210–$215, with a higher level near $230. Separately, some analysts point to on-chain activity—such as DeFi usage, trading, and tokenized assets—as factors they believe could influence sentiment, though outcomes remain uncertain and can change quickly.
Remittix: project overview and reported milestones
According to the project, Remittix has raised over $26.7 million through a token sale involving more than 672 million tokens, with a listed price of $0.1130 at the time of writing. The project also states that its team has been verified by CertiK and that it has been listed in CertiK’s pre-launch category.
The project says a Remittix wallet beta is available for community testing ahead of a broader release. As described in project materials, the token’s stated focus is on cross-border payments and crypto-to-fiat transfers.
The following points summarize project-reported claims and should not be treated as guarantees of performance or adoption:
- CertiK verification: The project says it has undergone verification and is included in CertiK listings.
- Wallet beta availability: The project says users can test wallet features ahead of a wider release.
- Token sale figures: The project reports over 672 million tokens sold and $26.7 million raised.
- Payments use case: The project describes a goal of facilitating crypto-to-fiat transactions in 30+ nations.
- Adoption intent: The project presents its positioning as utility-oriented, though real-world adoption is uncertain and depends on execution and market conditions.
As with any early-stage crypto project, readers may want to review primary sources and independent assessments, and consider relevant risks.
Conclusion
$198.65 remains a level some traders view as important for short-term Solana price action. If buyers defend $185–$190, price could attempt a move back toward $210–$215; if support fails, further downside remains possible. Remittix is a separate project that has attracted attention in part due to its stated payments focus and reported token-sale milestones, but future outcomes are uncertain.
Project links (for reference):
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
This article contains information about a cryptocurrency token sale. This outlet is not affiliated with the project mentioned. This article is for informational purposes only and does not constitute financial or investment advice.
