ETF Delays Could Push SOL Down to $150 Before Recovery Resumes

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1 day ago

**Solana’s Strong October Performance Faces Potential Cooldown Amid ETF Approval Delays**

Solana’s impressive gains throughout October could face a pause as delays in the approval of a Solana-based exchange-traded fund (ETF) begin to weigh on investor sentiment. Market optimism sparked by the prospect of a SOL ETF helped drive recent upward momentum, but growing uncertainty around regulatory timelines has traders reassessing short-term expectations.

Analysts note that while Solana remains one of the most promising Layer-1 blockchains, a short-term pullback could be healthy for its long-term growth. This comes as the market looks to other fast-rising DeFi projects, such as Remittix (RTX), which are gaining attention for their real-world utility in payments.

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### Solana Price Faces Resistance Amid ETF Delays

Currently, Solana is priced at $185.07, reflecting a 4.72% increase in the past 24 hours. It holds a market capitalization of $102.79 billion, but its trading volume has dropped by over 28% to $6.86 billion.

The excitement surrounding the proposed SOL ETF fueled market enthusiasm earlier this month. However, ongoing delays in the SEC’s review process have cooled investors’ sentiment.

Analysts caution that without new developments regarding the ETF, Solana may experience a temporary retracement toward the $150 level—a zone viewed as strong historical support—before entering another recovery phase.

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### The Rise of Real-Utility Projects Like Remittix

While Solana’s short-term chart shows signs of cooling down, emerging DeFi projects like Remittix demonstrate that market strength can stem from tangible value rather than speculation.

Remittix has raised more than $27.7 million in private funding and sold over 681.8 million tokens, signaling significant institutional interest in its payment infrastructure.

At $0.1166 per token, RTX stands out as a low-cap crypto gem connecting traditional finance and blockchain by enabling direct crypto-to-bank transfers across more than 30 countries.

Recently, Remittix launched its Wallet Beta Testing Program for iOS users, inviting the top 10 weekly buyers to participate. This move aims to gather user feedback ahead of the wallet’s full release, progressing toward mainstream adoption and utility-driven growth.

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### Strong Foundations and Community Trust

The Remittix team is fully verified by CertiK and officially ranked #1 among pre-launch tokens for their emphasis on transparency and security. This recognition gives investors confidence in the Remittix ecosystem, built on credible technology with robust auditing standards—qualities that continue to attract both retail and institutional investors.

Its real-world payment bridge and referral program, which offers 15% USDT rewards for new buyer referrals, have fueled strong community engagement and adoption momentum.

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### A Cautious Dip Before the Next Climb

As Solana navigates uncertainties surrounding ETF approvals, any short-term corrections may pave the way for long-term growth once regulatory clarity is attained.

Meanwhile, projects like Remittix offer investors opportunities for steady progress and real-world utility—demonstrating that innovation in the crypto space doesn’t solely depend on ETF approval.

Discover the future of PayFi with Remittix by exploring their project:

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**About the Author**
Krasimir Rusev is a seasoned journalist specializing in cryptocurrency and financial markets. With extensive experience in analysis, news, and forecasts for digital assets, he provides readers with in-depth and reliable insights into the latest market trends. His expertise makes him a valuable source of information for investors, traders, and enthusiasts following the dynamic crypto landscape.

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