Solana price is once again testing the $200 barrier after a brief surge in trading activity. The token is relatively stable at around $192 mark. It increased 2.33% over the past 24 hours, yet the momentum seems weak.
Institutional interest from Fidelity’s new listing has sparked optimism, yet key metrics tell a mixed story. Trading volume is slowing, and active user counts are slipping. This sets up a crucial question for traders: can SOL finally break $200, or is another rejection coming?
Solana Price Faces Crucial Test Near $200 Resistance
Throughout October, Solana price has been moving between $170 and $200, with no side of the trade taking charge. The $175 level continues to act as strong support, aligning with the 200-day EMA. It has absorbed several sell-offs. However, the $195 to $200 zone is proving tough. Every attempt to clear that range has failed, leading to quick rejections and profit-taking.
If this resistance holds again, the Solana price prediction for the short term could shift bearish. Analysts see $130 as the next key support, a level that served as a solid base earlier this year. Institutional traders might step in there, just as they did during the last major pullback.
For now, the RSI remains below 50, signaling weak buying momentum, while the MACD shows no bullish crossover yet. Futures activity stays high, with open interest at $9B — enough for a sharp move in either direction once volatility returns.
According to the latest Solana news, daily active users have dropped to around 2.9 million from 6.9 million in January, a worrying trend that highlights lower retail activity. However, institutions seem unfazed.
Fidelity’s integration of Solana into its crypto suite and the $400M inflows into the REX-Osprey ETF show deep-pocket investors still believe in Solana’s long-term strength.
For the short term, though, SOL price will need to hold above $175 to avoid cascading losses. A breakout above $200 would change market sentiment quickly. It will open the room to $210 or even $240, although volume would have to confirm the move.
Remittix Quietly Gains Ground As Investors Look Beyond Market Volatility
While Solana’s price action wavers, Remittix (RTX) is making steady progress by focusing on something far simpler — faster, cheaper payments. Priced at $0.1166, Remittix is building a PayFi ecosystem designed for cross-border transfers without hidden fees.
Its wallet beta testing is live, and major listings on BitMart and LBank are on the horizon. For investors seeking stability amid Solana’s volatility, RTX offers exposure to a growing payments project with verified security and community-driven growth.
Take Action Before Solana or Remittix Make Their Next Big Move
Unless the Solana price breaks above $200 once again, it will be at risk of retracing to the area of $175 or even lower. But while traders debate the next Solana price prediction, those watching long-term fundamentals see opportunity.
Fidelity’s backing reinforces confidence in the project’s future, but the short-term swings remain risky. Remittix, on the other hand, continues to rise through real-world adoption and low-cost transfers. Whether it’s Solana preparing for a comeback or Remittix building the next payments revolution, the next wave of winners will belong to early movers.
