Solana Outlook: Break of $180 Support Triggers Rotation

Solana (SOL) recently fell sharply below its key $180 support level, sliding to around $177 and triggering more than $30 million in long liquidations. The breakdown puts renewed pressure on Solana’s price, with the next support zone now pegged between $170 and $175.

Technical indicators remain tilted pessimistic. SOL has retested its Fibonacci retracement zone near $175, with momentum markers like RSI and MACD still trending lower. That weak structure leaves open the possibility of further downside unless buyers step in quickly.

On-chain activity remains mixed. While Solana’s DeFi total value locked still exceeds $10 billion and network revenue shows resilience, broader demand appears weakened without fresh catalysts or ETF-driven inflows. Analysts suggest reclaiming and holding above the $188–190 range is critical for any bullish reversal.

Amid this uncertainty, investor interest is shifting toward Remittix (RTX), a utility-driven paytech protocol targeting real-world cross-border payments. Remittix’s presale has raised nearly $18 million while setting up operations in 30+ countries. The project offers near-instant crypto-to-bank transfers, multi-chain support, and CertiK-audited smart contracts, features that contrast sharply with Solana’s speculative volatility.

Traders rotating capital into Remittix cite its real-world use case and modest token price under $0.10 as appealing components in a low-cap altcoin portfolio. The upcoming mobile wallet beta launch in mid-September is viewed as a key milestone that may drive adoption.

Looking ahead, Solana’s price trajectory hinges on reclaiming $180 as support and building momentum above $188. If recovery stalls, the token could test lower ranges between $160 and $170. In contrast, Remittix is gathering momentum based on utility rather than hype, positioning itself as a high-upside play in a market increasingly wary of Layer-1 reversion risk.

In short, Solana remains in a consolidation or mild correction phase, needing renewed buying strength to retake higher targets. Meanwhile, Remittix offers a narrative rooted in real-world adoption, drawing capital away from solar volatility toward practical use.