Solana price prediction sentiment has turned bullish again as the network shows renewed momentum. It briefly traded above $200 before settling into the $180–$190 band as traders digest rising NFTs.
Faster block times and low fees continue to attract gaming and NFT projects. This piece examines why SOL is rallying and whether $350 is a realistic next target.
Solana’s Current Performance
At press time, SOL trades around $190. Intraday ranges have bounced between roughly $179 and $197 on October 23. This is a sign that liquidity and participation have returned to the chain.
Source: CoinGecko
Technical momentum is tilted bullish. Short-term moving averages are upward sloping. RSI also remains below extreme overbought levels.
This supports the case for continued appreciation if on-chain demand endures. Institutional interest and exchange flows have also ticked up alongside rising TVL.
NFT and DeFi Ecosystem Growth
The NFT market is a primary catalyst for SOL’s renewed activity. Major Solana marketplaces have reported stronger October volumes and rising wallet participation compared with the summer lull. Gaming mints and secondary sales lead this surge. Data aggregators show daily USD NFT volumes on Solana increasing in recent weeks.
DeFi metrics echo the narrative. TVL and protocol fees are recovering. Corporate and app revenues on Solana have also climbed. On-chain apps, such as Jupiter, reported sharply higher Q3 fee income. This shows that real economic activity is expanding.
Analysts view on-chain engagement as the backbone of sustained demand, rather than mere speculative fervor.
Solana Price Prediction: Is $350 the Next Target?
Technically, SOL is still facing resistance near $195–$200. This acts as a pivotal level. Analyst James notes strength near $182 as bulls defend this zone. A breakout could lead to a quick move towards $200 to $210.
Source: James on X
But there’s a caveat. SOL continues to struggle around the 200-EMA, facing repeated rejections. This makes it vulnerable to deeper downside pressure.
If momentum fails above $200, a retreat to $145 is being eyed by wary traders. Thus, while $350 may lie within a possible upside path, it’s heavily dependent on a decisive breakout over $210.
Remittix: Positioned for the Same Revival
While SOL surges, Remittix is positioning itself to capture renewed payment flows. The PayFi platform converts cryptocurrency into fiat currency and delivers it to bank accounts within 24 hours. It has now completed a CertiK verification, underscoring security.
The project has raised $27.7 million in private funding and is running a $250,000 Gleam giveaway to build reach. You can currently buy Remittix for $0.1166, with over 40,000 investors acquiring RTX in recent months. With listings planned on BitMart and LBank, Remittix is positioned as a payments bridge ready for wider adoption.
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
