Solana has been dropping steeply in recent months, with the latest drop bringing its price to $130, marking a 43% monthly decline for the asset. This price point happens to be the lowest SOL has been since September 2024 and continues the concerning trend for this crypto. Many investors are left wondering if Solana will be able to break out of this bearish cycle or if more declines are still on the drawing board. As Solana struggles, more market participants are turning their attention to Rexas Finance (RXS) – a new and promising cryptocurrency that raised headroom during the general market downturn. These sentiments suggest that investors are looking at alternatives to Solana and that RXS is bolstering as a potential favourite.
Solana’s Decline and Bearish Outlook
SOL’s price struggles began earlier this year when it tried to challenge the $300 mark but was stiffly resisted at $294. From then on, it has been unable to reclaim its highs, resulting in a prolonged period of decline. Now that SOL has hit the 5-month low of $130, it puts them at risk, and analysts speculate any recovery would only increase the risk of further declines. There is bearish market sentiment, and technical indicators seem to confirm this, as there is extended downward divergence. The 26-period Exponential Moving Average (EMA) has crossed under the 12-period EMA, and further, MACD remains in the negative zone, which does not help the recovery attempt at all. All signs suggest a possible SOL price level of $120.91, which is tremendously worrisome, considering we saw these price levels during the 2022 bear market. Additionally, on-chain metrics show Solana’s Total Value Locked (TVL) has declined from 12 billion dollars, further confirming drops in investor sentiment.
What’s Causing the Shift Towards Rexas Finance (RXS)?
As SOL continues to be volatile, many holders seek better alternatives, and Rexas Finance has emerged as a frontrunner. While Solana and its users suffer from network congestion problems alongside an unstable price, RXS can provide a scalable and stable ecosystem. Rexas Finance provides some of the most powerful AI-assisted trading solutions, indirectly improving overall market efficiency. In addition, the Rexas Treasury system offers passive income opportunities, unlike most other blockchain projects, which offer few to no such income options. The traction RXS has gained in the past few months is remarkable. Its presale alone raised $46.9 million and sold 454.5 million tokens so far. With the presale now 90.90% complete, interest in the project continues to surge. This token is currently priced at $0.20, and its new listing price on major exchanges is expected to be $0.25 by 19 June 2025. This will surely cause some price action for RXS.
The Change in Direction from Solana
This is not the first time Solana has faced challenges. In 2022 and 2023, the blockchain dealt with several network failures that all but ruined investor confidence. However, even though the network has tried to improve since then, there still remain worries regarding its centralisation, fierce competition from new blockchain networks, and high transaction prices during peak hours, which negatively affect SOL’s price movements. At the same time, Rexas Finance has branded itself as an alternative with greater scalability and efficiency. It can offer better liquidity and lower transaction rates than Solana. With RXS positioned as a growth asset, investors looking for a long-term play see a better bet in 2025 and beyond.
Will Solana Recover?
Some experts argue Solana may recover, given an improvement in market conditions despite the bearish sentiment. If SOL protects the $130 support level and builds positive momentum, a $150-$160 recovery becomes plausible. Due to the unpredictability of the market and continual pressure on high-market-cap altcoins, traders have exercised caution in their activities. The lack of bullish activity on SOL has led to a migration of investors towards plausible high-growth projects like RXS that seem more promising.
Conclusion: RXS Becomes the Top Contender
Even though Solana is still one of the largest blockchain networks, its recent struggles have prompted alternatives such as Rexas Finance to capture the attention of investors keen to explore better opportunities. RXS’s remarkable presale performance bolstered the AI-powered ecosystem, and an exchange listing in the coming week has increased speculation that it will be the next big breakout crypto in 2025. It is evident that, as the market changes, investors have gradually started to break free from their legacy altcoins, such as Solana. Rather, they are gravitating toward projects with innovative value propositions, scalability, and long-term growth – characteristics that Rexas Finance embodies. The uncertainty surrounding Solana, paired with the growing popularity of RXS, indicates a clear shift in trends – 2025 could very well be the year of Rexas Finance.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
