Solana News highlights a cooling of recent gains as SOL Price retreats to $189.84 after briefly topping $200. Rising Liveliness metrics and a 1.4 million drop in new addresses signal mounting headwinds for network growth. Meanwhile, growing whale interest in Remittix’s project—which has raised over $17.5 million at $0.0876 per token—underscores a shift toward real‑world payment infrastructure solutions.
SOL Price at $189.84 reached a high near $200 only to slip back below $190 amid rising Liveliness metrics. Liveliness measures the activity of long‑term holders, and its recent spike signals increased selling by investors who have held SOL for extended periods. This selling pressure drags SOL Price lower, making recovery above the $200 landmark more difficult without fresh demand from new participants.
Solana News reports a drop of 1.4 million in new addresses created over 48 hours, a sign that fewer fresh users are joining the network. Lower address growth reduces buying pressure at current levels. Meanwhile, SOL Open Interest reset from $12.01 billion to $10.56 billion, clearing excess leverage and restoring balance. Although this adjustment removes speculative positions, elevated Open Interest suggests continued market engagement, which could support more stable SOL Price movements if sentiment improves.
Technical analysis places initial support at $176, with resistance at $188 above SOL Price’s current level. Token distribution data indicates heavier concentration between $165 and $176, meaning stronger absorption of selling pressure in that range. The RSI has cooled from overbought territory to around 60, while MACD remains above zero with a narrowing gap. This configuration points to consolidation rather than a full reversal, and a breach of $180 support would confirm a bearish tilt. Conversely, reclaiming $188 could pave the way for another test of the $200 barrier.
While Solana News focuses on ebbing momentum, whales are showing growing interest in Remittix’s project. Remittix offers a PayFi network that converts cryptocurrency into fiat transfers across 30 countries. Key project features include:
Whale accumulation in Remittix underscores a preference for tangible payment solutions alongside legacy network exposure.
Solana News underscores that SOL Price momentum has paused amid holder selling and weaker new‑user growth. Technical indicators suggest consolidation between $176 and $188 unless market sentiment shifts. At the same time, growing whale interest in Remittix’s project highlights a desire for real‑world utility, complementing speculative positions in Solana. Investors may find value in maintaining SOL exposure while diversifying into payment networks that address cross‑border transfer inefficiencies.
Discover the future of PayFi with Remittix by checking out their project here:
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