Rexas Finance Eyes Higher Gains But Faces Stiff Resistance, While Capturing Widespread Attention

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Solana price has struggled to maintain gains as it encountered strong resistance at important price points. The token has been battling to recapture its optimistic momentum amid reports of slow on-chain activity and diminishing whale accumulation.

As SOL faces difficulties, another altcoin has been rapidly gaining attention. Rexas Finance (RXS) is joining the real-world asset (RWA) tokenization niche, which experts have tagged as the next big thing in the crypto sphere.

Solana struggles to hold above $140

Solana’s price has been under pressure, plunging from $180 in February to current levels below $140. At the time of writing, SOL is battling to break out of the $140-$150 range, a move that could propel it towards the next resistance at $155-$160.

At present, Solana’s network fees have dropped by 73% in the last month, according to crypto analytics firm Glassnode. This decrease in activity may be a concern for those bullish on SOL in the long term.

The futures market presents a similar picture. SOL perpetual futures funding rates have been negative for three days, indicating that short sellers are paying to keep their positions, a sign of low demand for leveraged longs.

CoinUpdates reports that the number of Solana wallets with at least 10,000 SOL decreased from 5,053 to 5,023 in the past week, indicating that some major investors may be taking profits or lowering exposure. However, some traders believe that the introduction of a Solana spot ETF in the United States will act as a catalyst for a significant surge in SOL price.

Despite this optimism, it remains to be seen whether Solana can overcome the $155 resistance or if further downside lies ahead.

Rexas Finance presale spikes to $47m

Rexas Finance is seeing an unprecedented presale spike, bringing the total amount raised to $47 million. As of this report, the RXS presale is in its final stage (Stage 12), with 91% of the allocated tokens sold.

As the launch rapidly approaches, investors are quickly securing their share of the trending token, which is joining the real-world asset (RWA) tokenization niche, which experts have tagged as the next big thing in the crypto sphere.

The stellar presale momentum showcases investor trust in Rexas Finance’s ecosystem for tokenized real-world assets (RWAs), which enables users to invest in high-value assets like real estate, commodities, and art, that are fractionalized for affordability and accessibility.

In its pursuit of RWA tokenization market dominance, Rexas Finance has already clocked over 50,000 active users.

The scope of Rexas Finance use cases extends beyond tokenization. The project incorporates a range of Decentralized Finance (DeFi) services, such as staking, yield farming, and liquidity pooling, to ensure users can earn passively from their holdings. For startup founders, Rexas Launchpad provides a seamless fundraising platform. This tool connects founders with investors, cutting through the administrative hurdles of traditional seeding.

Having already completed a Certik audit, which guarantees the safety, durability, and optimal function of its smart contracts, Rexas Finance is a magnet for long-term investors. To further engage the community, Rexas Finance is hosting a $1 million.

For holders, this offer presents an opportunity for early profits while strengthening the Rexas Finance community to ensure the long-term stability of the ecosystem.

The next milestone for Rexas Finance is its formal exchange debut on June 19, 2025. The project plans to list on at least three of the top ten global cryptocurrency exchanges, which will improve liquidity, reach, and demand, potentially resulting in RXS token appreciation.

The official listing price is $0.25, positioning early presale buyers for immediate gains. Experts are predicting a 100,000% post-launch surge for RXS, driven by improved liquidity and the influx of new market investors, making Rexas Finance one of the most anticipated listings.

Read More: Best Presale Coins to Invest in Now

The post Solana struggles to hold above $140 as Rexas Finance presale hits $47m appeared first on Crypto News.