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Solana is eyeing potential gains but is met with significant resistance, while Rexas Finance’s presale is drawing considerable attention.
Persistent resistance at key price levels has hindered Solana (SOL) from experiencing a steady advance. The token has struggled to regain its positive momentum, and with decreasing on-chain activity and reduced whale accumulation, many in the community are questioning whether Solana can navigate its current obstacles or if it may face further declines.
While SOL encounters challenges, another altcoin, Rexas Finance (RXS), is gaining focus. This emerging token is entering the realm of real-world asset (RWA) tokenization, and experts are already labeling it as the next big innovation in the cryptocurrency landscape.
Solana fights to stay above $140
Solana has been under strain lately, dropping from $180 in February to levels now below $140. Recent data reveals that network fees on Solana have decreased by 73% over the past month, suggesting a slump in on-chain activities.
The futures market mirrors this trend, with SOL perpetual futures funding rates being negative for three consecutive days. This indicates that short sellers are incurring costs to maintain their positions—pointing to a lack of demand for leveraged long positions. Alarmingly, whale accumulation appears to have stalled, as the number of wallets holding at least 10,000 SOL has fallen from 5,053 to 5,023, suggesting that some significant investors might be capitalizing on profits or reducing their holdings.
Some market participants are hopeful that the anticipated launch of a Solana spot ETF in the United States could ignite a substantial price rally. However, whether Solana can break past the $155 resistance mark remains uncertain.
Rexas Finance presale takes center stage with $47m raised
Rexas Finance is experiencing an historic presale surge, with total funds raised reaching $47 million. As this report is shared, the RXS presale is entering its final stage (Stage 12), with 91% of the tokens set aside already sold. As the launch approaches, investors are eager to secure their stakes.
The enthusiasm for the presale reflects investor confidence in Rexas Finance’s unique tokenized real-world asset (RWA) ecosystem. This ecosystem enables users to invest in high-value assets such as real estate, commodities, and artwork, fractionalizing them for greater affordability. Rexas Finance has also welcomed over 50,000 active users, marking a significant step toward leading the RWA tokenization space.
Beyond tokenization, Rexas Finance offers a variety of DeFi services, including staking, yield farming, and liquidity pooling, allowing users to passively grow their investments. The project also features a fundraising platform, Rexas Launchpad, that facilitates connections between startup founders, simplifying the traditional fundraising process.
Having successfully completed a Certik audit, Rexas Finance assures investors of its smart contracts’ security and resilience, appealing to long-term stakeholders. To further boost engagement, Rexas Finance is running a $1 million giveaway, where the top 20 participants will receive $50,000 in RXS. This not only offers early profit opportunities but also strengthens the Rexas Finance community, contributing to the ecosystem’s long-term stability.
Rexas Finance’s next key event is its scheduled exchange listing on June 19, 2025. The project aims to be available on at least three of the top ten global cryptocurrency exchanges to enhance liquidity, outreach, and demand, potentially leading to an increase in RXS token value.
The official listing price will be set at $0.25, providing early presale participants with the opportunity for quick returns. Analysts anticipate a staggering 100,000% growth post-launch, driven by enhanced liquidity and influx of new investors. This positions Rexas Finance as one of the most awaited listings in the market.
Conclusion
Solana remains constrained below $140, contending with critical resistance points amid dwindling on-chain activity and slowing whale accumulation. Although a breakout seems plausible, the trajectory of SOL’s upward movement is still uncertain.
Conversely, with its record-breaking presale, a thorough Certik audit, a generous giveaway, and a promising exchange listing ahead, investors are flocking to Rexas Finance before the final presale tokens are sold out.
For additional details on Rexas Finance, explore the website, join the ongoing giveaway, follow on X, or check out their Telegram channel.
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