Solana News Today: SOL Stalls Below $200 as RTX Gains Momentum With Real-World Utility and 40% Bonus

Solana (SOL) remains stuck in a consolidation phase below the $200 level, with price action confined between $160 and $178 as traders await a potential catalyst to drive a breakout [1]. Despite the strength of short-term moving averages, the asset has struggled to break above $178, with a key resistance level estimated at around $183. On August 8, the market saw net outflows of $7 million, signaling caution among investors. Analysts remain divided, with some optimistic about future growth, while the current market dynamics suggest a period of stagnation [1].

Amid this uncertainty, Remittix (RTX) is emerging as a notable alternative. The project has raised $18.3 million and sold over 584 million tokens at $0.0895, gaining traction as a strong contender in the 2025 altcoin landscape [1]. Unlike Solana, Remittix is demonstrating tangible utility, particularly in the cross-border payments and DeFi sectors. The Remittix Wallet, set to launch its beta version on September 15, aims to streamline crypto-to-fiat transactions, providing a seamless solution for global earners and businesses [1].

The project's momentum is attributed to multiple factors. First, it has secured significant investor backing and demonstrated rapid community adoption. Second, it offers real-world applications beyond speculative trading, such as efficient cross-border transfers and DeFi integration. Additionally, a 40% token bonus for early adopters continues to attract attention and participation [1].

While Solana faces challenges in breaking through its resistance, Remittix is gaining ground due to its innovative approach and clear utility. Analysts note that Solana’s inability to surpass $200 could create opportunities for alternative projects with stronger real-world use cases [1]. Remittix, in particular, is seen as one of the most promising altcoins for the coming months, with its growth trajectory outpacing that of Solana.

The broader market appears to be shifting toward altcoins with clear value propositions and functional applications. As Solana price struggles to gain momentum, Remittix continues to build on its foundation of real utility and community support, positioning itself as a potential breakout candidate in the evolving crypto landscape [1].

Source: [1] title: SOL stalls below $200, but analysts see this rising altcoin sparking next breakout. (url: https://invezz.com/news/2025/08/09/sol-stalls-below-200-but-analysts-see-this-rising-altcoin-sparking-next-breakout/)