The last 3 months have seen Solana price on some of its worst moves since hitting an all-time high of $294 in January. However, the recent price correction above the 100-day moving average suggests we might be heading towards a Solana price recovery. But, is this indicator enough to start investing in Solana right now?
Here is a detailed look at the price change and where the Solana price could be headed in the next few weeks, including a new coin that could join the bull list.
ETF Approval Sending Solana Price On New Path
As the market approached a Solana ETF approval, the Solana price showed a high trading volume, predicting that whales and large investors might be reorganizing their portfolios. This is with the spike in trade following a sharp price change in the Solana price action. According to a Bloomberg report, the Solana ETF might be nearing a 95% completion, raising the frenzy around the Solana price movement.
A major sentiment driving this bullish price change is, as experts speculate, that a successfully approved ETF in the US could see the Solana price drive high, like the Bitcoin move.
Expert Analysis on Solana Price Target for The July Market
Following the typical pattern in the Solana price chart, experts believe Solana could be entering into a period of consolidation, putting the price prediction around $130 – $165 this month. This is because the $155 range continues to form an obvious resistance, as the price has reversed from the zone recently. The price needs to break clearly above this resistance zone, beyond $165, for an obvious rally to begin.
However, looking long-term at the price, the success of the Solana ETF could fuel a hype, sending the Solana price as high as $400 before the end of the year. Other factors, such as the growing DeFi ecosystem and the Firedancer upgrade, could facilitate further adoption and an ultimate price surge. However, while the hype is growing around buying Solana now, the price surge to $200 and beyond could depend strongly on a rising demand and, importantly, the ETF approval.
Could Remittix Be The Next Target for Price Surge?
While the Solana price surge continues to get louder across the timeline, the Remittix project is gradually emerging as a high-potential asset to watch out for. This comes from the Remittix real-world utility reimagining cross-border payment and ease of trade. Primarily, the Remittix solution empowers users to seamlessly send crypto as fiat from a crypto wallet into a bank account.
The rising attention to the Remittix solution is growing, which also takes its price along with a focus on becoming the next big altcoin in the crypto market. Remittix allows investors to invest in another real-world project, creating an avenue to diversify beyond Solana investment. With the rising potential of Remittix, investing now could be an early bird opportunity for investors, allowing them to earn more.
Here are the links to help you get started with Remittix.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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