Wednesday, 20 August 2025
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Solana price prediction: SOL’s DeFi ecosystem booming– enough to hit $350? Analysts debate competition

Solana breaks $180, targets $202 with bullish technical momentum.

  • Solana breaks $180, targets $202 with bullish technical momentum.
  • DeFi ecosystem growth boosts SOL’s long-term price outlook.
  • Remittix raises $18.7M for instant, fee-free crypto-to-fiat payments.

Solana’s DeFi ecosystem is firing on all cylinders, with rising TVL, active developer growth, and fresh capital flowing into top protocols.

SOL price recently broke past key resistance levels, sparking renewed bullish sentiment.

Now, analysts are asking if Solana price momentum can carry it toward the $350 mark — or if competition from Ethereum, and emerging projects like Remittix will slow the climb.

Solana price prediction: Technical signals show potential rally toward $202 resistance

The SOL price broke past $180 this week, finally clearing a barrier that held for weeks. A 17% rally and over $1.4 billion worth of unstaked SOL entering the market have fueled intense speculation.

The shift suggests some long-term holders are moving into short-term plays, boosting liquidity but also introducing volatility risk.

Currently, at the time of writing, the SOL price today trades close to $182 levels, its highest in August. Technical momentum looks strong, with the daily close above the 20-day moving average hinting at further gains.

If the rally sustains, the next upside target for Solana price prediction sits near $202, where upper Bollinger Band resistance could test the bulls’ resolve.

The Solana news cycle has been dominated by its expanding DeFi ecosystem, with growing total value locked and increased developer activity.

Supporters argue these fundamentals could push Solana price toward the $350 mark if market sentiment holds.

However, if optimism fades, the influx of unstaked tokens could trigger rapid sell-offs back toward the $165–$170 support zone.

For now, analysts remain split. Some see the DeFi boom driving the next breakout, while others warn that competition from Ethereum and other Layer-1 chains could slow SOL’s path to higher highs.

Investors see Remittix as a long term payments leader

Remittix is fast becoming one of the most talked-about DeFi projects in 2025.

With the global remittance market worth over $190 trillion, the project has identified a pain point that both Solana and Ethereum have yet…

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