Solana is showing signs of weakness after repeated rejections at the $170 resistance level, prompting analysts to question whether a drop to $150 could be on the horizon. With ETF delays and market hesitation weighing on price momentum, some traders are taking profits and looking for better upside elsewhere. Investors are considering Mantix, a high-potential altcoin in Stage 1 of its presale, which is priced at just $0.02 and has 250x projections by its launch.
Solana price dips after rejection near the $172 resistance zone
Solana is again facing pressure as the U.S. SEC delays its decision on four proposed SOL-based ETFs, citing market manipulation concerns. The uncertainty has cooled investor sentiment, even as on-chain data shows Solana’s ecosystem expanding.
According to crypto analysts, the number of wallet holders is on the rise, signaling growing interest despite the recent volatility. Still, SOL’s price action hasn’t been able to shake off the weight of bearish pressure completely.
After hitting $181 earlier this month, Solana slid to a low of $159 before rebounding to $172, only to face another rejection at the stubborn $170 resistance zone.
Over the past few days, SOL has hovered between $160 and $186, struggling to generate enough momentum to break out. Analysts say that unless broader market sentiment shifts or ETF clarity emerges, SOL could retrace toward the $150 range by the end of May.
While Solana tries to regain its footing, many investors are already shifting their focus toward high-upside alternatives, like Mantix.
Investors flock to Mantix for fast secure and low cost transactions
As Solana struggles to stay above the $170 level and faces growing uncertainty following the SEC’s ETF delay, many investors are already exploring new opportunities with higher upside, and Mantix is quickly rising to the top of their lists.
Currently in Stage 1 of its presale and priced at just $0.02, Mantix is shaping up to be more than just a decentralized exchange. It’s an entirely reimagined trading experience. With deep liquidity, cross-chain compatibility, and up to 1000x leverage, the platform offers a feature set that’s pulling serious attention from the altcoin crowd.
What makes Mantix stand out is its ease of use. There’s no need for downloads or complicated setup. Just connect your wallet and start trading. Its sleek design lowers the barrier to entry, welcoming both seasoned pros and first-time crypto users. But behind that simplicity is serious infrastructure. Mantix ensures security with cutting-edge protocols, delivering fast, low-cost transactions without sacrificing safety or privacy.
The utility of the $MTX token stretches far beyond basic use cases. Holders gain access to staking rewards, platform incentives, and a share of the future as the ecosystem expands through strategic partnerships and integrations.
And because the community plays an active role in the platform’s evolution, Mantix is built around transparency, interaction and long-term sustainability.
As Solana teeters near a potential retracement to $150, many traders are jumping into Mantix early, seeking maximum gains from a platform designed for real growth. For those watching the next big breakout, Mantix may be exactly what they’ve been waiting for.
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Website: https://mantix.exchange
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