Solana News Today: Remittix RTX Gains Momentum as Solana SOL Stagnates Amid Bearish Signals

With Solana (SOL) struggling to break out of a months-long price range amid bearish technical signals, some analysts are shifting focus to emerging projects like Remittix (RTX). The Ethereum-based PayFi token is gaining traction ahead of its highly anticipated beta wallet launch on September 15, which is seen as a pivotal step in the project's roadmap [1].

Solana’s price action has shown little momentum in 2025, fluctuating between $125 and $180 since early 2024. Recent attempts to break out of this range have failed, with technical indicators such as the weekly RSI and MACD pointing to a lack of bullish momentum. A bearish engulfing pattern formed on the weekly chart following a July breakout attempt, further reinforcing concerns about the token’s stagnation [1]. On the daily chart, the RSI remains below 50, and the MACD shows a negative trend, signaling a possible continuation of the downward correction. Analysts suggest the price could revisit the lower end of the range unless a strong catalyst emerges [1].

In contrast, Remittix is showing strong early performance, having raised over $18 million through token sales with 580 million RTX tokens already sold. The token is currently trading at $0.0895 and is offering a 40% bonus for early buyers. More importantly, the project is moving from speculative interest to real-world utility with the upcoming release of its beta wallet. This mobile-first, utility-driven wallet is expected to serve a growing market of freelancers, remitters, and borderless earners, addressing a concrete financial use case [1].

Analysts believe that Remittix’s active development, fixed roadmap, and tangible product launch could position it as a strong alternative to stagnant large-cap altcoins like Solana. With the beta wallet approaching and limited-time bonuses still active, early investors are increasingly viewing RTX as a high-potential project with significant upside in the coming months [1].

As the crypto market remains volatile and large-cap assets face consolidation, projects with clear utility and active development are attracting more attention. Remittix’s imminent product release aligns with growing demand for practical blockchain solutions, making it a name to watch in the third quarter [1].

Source: [1]Analysts Believe Remittix (RTX) Will Dominate Q3 Over Solana (SOL) As Beta Wallet Launch Edges Closer (https://cryptodaily.co.uk/2025/08/analysts-believe-remittix-rtx-will-dominate-q3-over-solana-sol-as-beta-wallet-launch-edges-closer)