Solana News Today: Solana surges 6.2% daily, 12.72% weekly as trading volume jumps 46%

Solana, a prominent cryptocurrency, is currently experiencing a significant rally, with its price climbing to $177 after a 6.2% daily increase and a 12.72% weekly gain. This surge in interest is evident from the 46% jump in trading volume to $9.33 billion. The cryptocurrency is consolidating beneath a major resistance zone near $170, forming a solid base that resembles the early stages of past explosive moves. Analysts are closely monitoring this zone, drawing comparisons to Bitcoin’s surge pattern from $108K to $123K. Solana has successfully defended its key supports, indicating strong demand despite repeated tests from above.

Technical indicators further support a potential upward movement. The 200-day Simple Moving Average (SMA) at $163.76 and the 50-week SMA at $169.29 are acting as launch pads for more momentum. A clear break above these levels could propel Solana to $190 or even $200 quickly. However, while traders are bullish on Solana, a growing number of savvy investors are quietly accumulating Remittix, a low-cap DeFi payment token. Remittix offers real-world utility by solving global payment problems, allowing users to convert crypto to fiat and send it directly to any bank account, bypassing slow and expensive systems like SWIFT or Western Union.

Remittix stands out not just for its functionality but also for its real-world use cases. It is already gaining traction among freelancers and NGOs, particularly in regions where international banking is unreliable or overpriced. With $16.2 million already raised and 550 million tokens sold, it is clear that investors see lasting value in Remittix, not just short-term gains. The token is backed by institutional crypto investors and fintech insiders, further boosting its credibility. Additionally, Remittix offers built-in Know Your Customer (KYC) procedures and fiat on-ramps, enhancing regulatory trust. It supports over 30 fiat currencies with low foreign exchange (FX) fees, making it a practical solution for global payments.

As the spotlight remains on Solana, smart investors are quietly accumulating Remittix, betting on its utility, compliance, and long-term upside. The market is hungry for real solutions, and Remittix is positioning itself as a potential breakout player in the DeFi space. With its real-world applications and strong backing, Remittix could be the next big winner while the attention stays on Solana.