Solana Price Prediction: Can SOL Rally To $250 As Solaxy Launches In June

Solana (SOL) bulls have regained control of the market’s sixth-largest cryptocurrency. They are driving SOL’s price closer to the $200 mark. There are also discussions of an extra push toward $250. SOL is currently trading around $175, climbing nearly 15% during the last month. This upswing puts Solana within reasonable striking distance of $200. It is a psychologically important price that it hasn’t seen since mid-February. 

SOL’s optimistic performance mainly stems from renewed momentum throughout the crypto market. Bitcoin (BTC) is leading the way and hitting a lifetime high of around $111,814 on May 22. At the heart of Solana’s rebound is the growth in its decentralized finance (DeFi) ecosystem. Here, the total value locked (TVL) is closing in on $10 billion.

However, crypto market experts have expressed concern about Solana’s ability to handle congestion during peak network activity. This is why they’re shifting their focus to Solaxy (SOLX), Solana’s first Layer 2 project. This newcomer could smoothly handle this load by processing transactions in parallel to the main L1 chain.

Currently at nearly $40 million in presale contributions, Solaxy has raised almost $1.5 million over the last few days. With the SOLX presale set to end on June 16, early buyers have just a few weeks left to buy SOLX tokens at $0.001732 before it lists on exchanges at a higher price.

Solana Breaks Out From Bull Flag: Can It Hit $250 Next?

From a technical standpoint, Solana’s recent performance (climbing over 90% in a consistent channel since April 7) has been solid. On the daily timeframe, SOL has seen a textbook bull flag breakout after its May run-up. That’s helping it to stay above $175.

This pattern typically precedes another leg higher, with SOL’s next significant resistance in the $200-$205 zone.

A decisive move above $200 (ideally on strong volume) could propel SOL to an initial target of around $220. Its next target would be the $250 level. The asset’s daily relative strength index (RSI) still sits in the low-to-mid 60s, indicating healthy momentum without yet being overbought.

Some analysts have identified striking similarities to Solana’s previous bull runs. In particular, the prominent crypto trader Robert Mercer recently highlighted a chart setup reminiscent of SOL’s 2024 surge.

https://twitter.com/Robert_Klondike/status/1925549099450871856

Institutional Investors Believe in Solana’s Long-term Potential 

Beyond chart patterns, institutional investors are validating Solana’s long-term potential. Last month, Galaxy Digital (led by the influential Mike Novogratz) transferred roughly $105 million worth of ETH to Binance. It withdrew about 752,000 SOL (around $98 million). Firms like WuBlockchain see this as a potential ETH-to-SOL swap, reaffirming rising faith in Solana’s long-term trajectory.

Recent metrics from Glassnode further confirm this renewed interest. After months of net outflows, 30-day capital inflows into SOL ticked up by 4–5%, suggesting that both whales and institutional players are starting to position themselves for an extended bull run.

On the decentralized exchange (DEX) side, Solana posted a weekly trading volume of around $41 billion, reflecting the network’s vibrant growth.

Even so, long-time Solana observers remain cautious about the chain’s ability to deal with massive bursts of user traffic. Solana has experienced congestion and outages in the past, often right when the network attracts a rush of traders and NFT enthusiasts. That’s precisely why Solaxy has so much investor capital behind it and raised nearly $40 million in record time.

Solaxy Rolls Out New Updates as It Builds Solana’s First Layer 2

Solaxy (SOLX) is gearing up to be a crucial component in Solana’s scaling roadmap. Designed to reinforce and support Solana’s main network, Solaxy will use parallel execution to process transactions off-chain and later settle them on the mainnet. This approach relieves congestion, keeps fees low, and maintains quick transaction finality—even during periods of heavy usage.

The team behind Solaxy recently rolled out the platform’s Igniter Protocol, a launchpad that will enable SOLX token holders to create and deploy new tokens on Solaxy’s Layer 2. This move is critical for expanding the Solaxy ecosystem and, by extension, enhancing Solana’s overall capacity to scale.

https://twitter.com/SOLAXYTOKEN/status/1925540277126943211

Another major milestone achieved by Solaxy is the testnet rollout of the Solaxy Bridge, connecting the Solaxy environment to Solana’s devnet. This bridge will also link up with Ethereum, contributing to the project’s vision of a multichain future. 

Because investors perceive Solaxy as Solana’s secret scaling weapon, the SOLX token presale has already raised over $39.6 million.

Given that Solana has historically faced performance hurdles at moments of peak activity, Solaxy’s robust L2 solution should become a major adoption catalyst. A single whale purchase of $375,000 in SOLX tokens on May 18 has provided on-chain proof that big money is already moving into this Layer 2 project.

Visit Solaxy Presale

With only 23 days left before the SOLX presale ends, the token’s current price of $0.001732 may look like a rare bargain after it lists on top-tier exchanges. You can also stake SOLX for a dynamic APY of up to 102% without waiting until June 16.