Solaxy (SOLX) Price Prediction: Soaring Past $40M in Presale, Tackling Solana's Network Congestion

Solana continues to show notable resilience in the crypto market, outperforming several major altcoins including Ethereum, XRP, and Sui. Despite recent volatility and a pullback from a key breakout level, it remains one of the few top-tier cryptocurrencies with potential for a renewed upward move.

Solana (SOL) has been outperforming several major altcoins, including Ethereum (ETH), XRP, and Sui. It is one of the few top-tier cryptocurrencies that could be setting up for a renewed upward move despite recent price volatility and a pullback from a key breakout level.

The asset has shown strong relative strength, both technically and fundamentally, with support from Solana’s ecosystem strength and decentralized exchange (DEX) trading volume.

Solana’s DEX activity recently spiked to $7.1 billion in volume—its highest since early February—highlighting healthy on-chain engagement and investor interest. Ecosystem projects like Jupiter are also contributing to the broader bullish case for Solana.

However, the broader market instability is creating headwinds for riskier altcoins, making breakouts more difficult. This analysis provides a Solana price prediction and highlights Solaxy (SOLX) as one of the best Solana tokens to buy.

Solana Price Prediction

Technically, Solana has pulled back into a consolidation range between $178 and $166, suggesting a higher probability of further decline toward the lower end of this range. This aligns with the cautious sentiment driven by broader macroeconomic uncertainty and crypto market indecision.

However, key support levels are still intact. Solana is still trading above important technical markers like the point of control at $172, the 7-day rolling VWAP, and even the yearly VWAP—levels that could serve as a base for a renewed bullish attempt.

If these supports hold through the weekend and into Monday, the potential for a breakout and push toward the $191-$192 zone is still there, although this scenario is less likely in the current environment.

Solana is in a critical phase, balancing strong technical support and ecosystem fundamentals against broader market turbulence. The most probable scenario in the short term is a continued move within its current range, possibly testing support again around $164-$166.

But its relative strength and key supports keep the door open for a bullish reversal if market conditions stabilize.

Solaxy Presale Soars Past $40M as It Tackles Solana’s Network Congestion and Boosts Scalability

Solana has been showcasing impressive growth, with its network and related tokens experiencing significant price rallies and record application revenues. However, one drawback that has been highlighted is network congestion.

During periods of high transaction volume, such as in late 2024 and early 2025, the Solana blockchain encountered excessive congestion. This resulted in slower transaction speeds and increased fees for users, making it challenging to trade without encountering difficulties or paying higher costs. Moreover, many transactions were failing due to this overload.

To address these issues and introduce a Layer 2 solution for boosting scalability and reducing network congestion, a new project called Solaxy (SOLX) is being developed within the Solana ecosystem.

With its presale still in progress and less than a month remaining, Solaxy has already secured $40 million in funding, rapidly approaching its presale target of $74 million.

This remarkable milestone showcases the strength of community support, which is further evident with over 75,000 followers across various social media platforms.

Among its standout features is the “Igniter Protocol,” which will empower SOLX token holders to create and launch their own tokens, essentially establishing a token launchpad within the Solana ecosystem. This added utility is expected to drive even greater adoption and development of the SOLX token.

Furthermore, Solaxy offers a highly attractive staking program, currently providing up to 100% rewards to those who choose to stake their SOLX tokens early and contribute to the project’s long-term success.

The project is focused on scalability and customizability, aiming to unlock Solana’s full potential by significantly improving transaction efficiency and network performance, ultimately expanding the network’s capacity.

Its tokenomics are structured with portions allocated to treasury, marketing, rewards, listings, and development, ensuring sustained growth and administrative capabilities.

The team is consistently making progress, and their efforts to engage the community are ongoing, which bodes well for the token’s future prospects.

Given its innovative technology, rapid fundraising performance, and strong community support, Solaxy is widely recognized as one of the hottest crypto assets to buy from the Solana blockchain in 2024. It is touted as a potential 100x token opportunity.

For investors interested in joining the presale, the process is straightforward, with multiple purchasing options including credit card and crypto wallet.

Overall, Solaxy is heating up as one of the best new coins to buy.