A strong rally during the weekend saw Ethereum close on the $4,300 resistance level, setting a new peak since late 2021. The gains stem from mounting institutional interest in risk-on assets. Other alts like SOL, Cardano, and XRP joined the rally, toppling the overall market capitalization by approximately 2.30%. Market participants are growing bullish on the outlook for Solana price prediction this cycle.
Meanwhile, Remittix is another crypto project experts are eyeing for a mega rally. This payment protocol aims to bridge the gap between traditional finance and crypto, making it seamless for everyday users to financially interact with each other. Besides, early adopters are excited about the imminent launch of the Remittix and its beta wallet later this quarter.
Let’s review whether SOL will retest $250 in the optimistic outlook for Solana price prediction, before discussing the crypto gem investors shouldn’t miss out on this summer.
Solana Price Prediction: Can SOL Breach $250 in the Mid-term?
Institutional money has been flowing heavily into Solana products in recent weeks. Recent ETF reports show Solana futures saw part of the $1 billion inflows into alt-focused funds, making it one of the most institutionally favored projects this cycle.
Source: Finbold
On the technical side, Solana has been forming a rounded-bottom pattern since July, a bullish setup that often marks the transition from a downtrend to an uptrend. The neckline of this pattern sits at $173, with a bottom around $152. Last Friday, SOL broke above this neckline and quickly climbed to challenge the $185 resistance.
However, a mild 3.4% intraday correction to $178 has since pulled it back slightly. Despite this, market sentiment remains optimistic, with many analysts pointing to a potential run toward $250 if momentum continues and key support levels hold.
Source: BeinCrypto
With robust institutional interest and a supportive technical outlook, the bullish case for Solana price prediction remains in place. However, traders and other market participants are advised to stay alert for potential pullbacks, especially given the market’s ongoing volatility.
Why Remittix Could Blow the Bigger Alts This Cycle?
Remittix offers users and businesses a cross-chain DeFi functionality focused on easing direct crypto-to-fiat payments, eliminating the need for centralized exchanges. The service will allow users to send and receive funds instantly for everything from business transactions and personal remittances to freelance payments, no matter where they are in the world.
Experts also point out that the development team is focused on reinventing how cross-border payments are settled. The project already has its infrastructure up and running, with a wallet beta launch planned for later this quarter.
This early rollout is seen as a major advantage, as it allows Remittix to begin accumulating real transaction volume even before its first centralized exchange listing, which the team says will be announced once the presale reaches $20 million.
RTX could easily outpace many bigger names this cycle, possibly even stealing the spotlight from the most bullish Solana price predictions.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
This article is not intended as financial advice. Educational purposes only.
