Solana News Today: Solana Near $200 Resistance Amid Short Squeeze and Bullish On-Chain Signals

Generated by AI AgentCoin World
Wednesday, Aug 13, 2025 4:55 pm ET1min read
SOL
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Aime RobotAime Summary

- Solana (SOL) approaches $200 resistance with bullish on-chain signals, short squeeze risks, and potential for explosive gains above key levels.

- Technical indicators and historical patterns suggest $350–$500 price targets, though uncertainty grows from emerging competitors.

- Remittix (RTX) surges 600% in 2025 with real-world payment utility, low fees, and 40+ crypto support, raising $19.1M in funding.

- RTX's practical applications, strategic partnerships, and product launches could shift investor focus from Solana in the coming months.

Solana (SOL) is currently positioned near the $200 resistance level, with analysts and on-chain data pointing to potential upward movement. Strong liquidity clusters and a short squeeze scenario near $190 suggest that a breakout above $200 could trigger significant gains. According to on-chain metrics from Glassnode and Ali Martinez, the current environment creates an “air pocket” where limited sell orders may allow rapid price appreciation if key levels are breached. Over $97 million in short positions are at risk, potentially making the next price move explosive [1].

Technical indicators also reinforce the bullish outlook, with

Solana
trading within an ascending channel and maintaining support along its lower trendline. GalaxyBTC notes that historical patterns show similar setups often lead to substantial price surges. Analysts have projected price targets as high as $350–$400 within months, with some speculating that the $500 level could be within reach [1].

However, a new contender, Remittix (RTX), has emerged as a potential disruptor. The token has surged 600% in 2025, capturing investor interest with its real-world payment utility.

RTX
is designed to streamline international transactions, reduce cross-border fees, and enable near-instant settlements. With strategic partnerships and a growing user base, the token has raised $19.1 million through the sale of 590 million tokens at $0.0922 [1].

RTX’s unique value proposition includes support for over 40 cryptocurrencies, fast fiat conversions, and privacy-focused transfers. The beta launch of its wallet is set for September 15, 2025, with a CEX listing expected after it reaches a $20M milestone. Analysts suggest that the token’s practical utility and strategic expansion could shift investor focus away from Solana in the coming months [1].

While Solana’s long-term price target remains at $500, the rise of RTX introduces uncertainty. The token’s momentum, driven by both utility and growing market adoption, could challenge Solana’s dominance. If Solana’s rally stalls, RTX’s combination of real-world application, strategic partnerships, and product launches may position it as a leading performer in 2025 [1].

Sources:

[1] Solana Price Prediction: Solana’s $500 Dream Might Be Crushed By This Fast-Rising Challenger Already Up 600%. CoinMarketCap. https://coinmarketcap.com/community/articles/689cf6d0aa44a40f8119ea8a/