Solana News: Solana Mobile Launches Seeker Smartphone, SOL Price Battles To Regain Losses

A few hours ago, Solana Mobile announced news via its X account, revealing the official launch of its Web3 smartphone, the Seeker. The Seeker is Solana’s hardware release, offering crypto utilities.

Solana Mobile aims to combine hardware adoption and technical wallet integration to drive active usage and dApp transactions. Adopting Seeker could reduce the available Solana, tighten supply and support SOL price recovery.

According to the Solana news, “The phones are being shipped across more than 50 countries. Over 150,000 units were pre‑ordered, signalling high demand for its built-in crypto wallet, hardware seed vault and dApp store enhancements in the global Web3 ecosystem”.

While Solana ecosystem enthusiasts expect this Solana news to positively impact SOL price, it would rather struggle to regain losses. Investors are rethinking their decisions. Is investing in the Solana ecosystem still worth it? 

Analysis: SOL Price Chart, Solana News & Market Momentum

SOL price is currently consolidating around $165–$173 after losing its key support fee days ago and bottoming below $160.

According to an analysis by TheMoon Hailey, Solana is maintaining a higher low structure and forming a bullish reversal from a key ascending trendline. This signals strength in long-term support.

SOL price action respects and bounces on trendline support. If bullish momentum continues, our first target will be $260.40, then beyond.

Growing institutional interest in the Solana ecosystem, staking inflows and shipment of the Seeker phone all contribute to bullish sentiment. Lluciano_BTC also revealed that Solana CME futures volume skyrocketed 252% in July, hitting $8.1 billion. With the first U.S. Solana staking ETF  approval and a potential spot ETF, this momentum is just getting started.

Source: Lluciano_BTC via X. 

While Solana news and SOL price predictions look bullish, investors aren’t impressed with the predicted model’s gains. Instead, they are investing in a small-cap utility-driven project called Remittix.

Remittix (RTX), The 500X Altcoin 

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