There is a marked increase in bullish sentiment surrounding Solana, especially among prominent analysts and smart money investors.
Despite the broader market pullback on Friday, the SOL price continues to hold key support levels as top traders on Binance remain skewed long.
Meanwhile, top crypto analyst Ali Martinez’s Solana price prediction is going viral. Martinez, who has shot to fame with his accurate calls this bull cycle, has now identified a bullish cup-and-handle pattern in the higher timeframe.
A breakout from the “handle” zone could result in a rally to $3000 and beyond.
Solana Price Prediction – How High Can $SOL Go?
It isn’t hard to explain the excitement around Solana.
REX Shares’ SOL staking ETF is now live and saw strong trading volume in the two days since its debut. Meanwhile, the spot Solana ETFs are set for imminent approval from the SEC.
JPMorgan analysts project that the spot SOL ETFs would record nearly $3 billion to $6 billion in inflows within a year.
Meanwhile, Cantor Fitzgerald analysts are labelling Solana treasury stocks like Sol Strategies as “overweight”, projecting it to outperform other stocks in its sector.
It is not without any reason that the Solana CME Futures hit a record high of $167 million following REX Shares’ ETF debut.
Despite a 3% pullback on Friday, smart money investors remain optimistic regarding Solana’s short and long-term prospects. For instance, the top trader long-short ratio on Binance, which tracks the accounts of the most successful traders on the platform, is heavily skewed long at 2.49, data from CoinGlass reveals.
Simply put, the top traders on Binance currently hold nearly 2.5 long positions for every short bet.
Indeed, the Solana price chart looks decidedly bullish in the higher timeframe.
$SOL has broken out of a falling wedge and has successfully retested its upper trendline. It has also continued to hold above the key $144 support level.
All eyes are now on whether it will breach its macro downtrend, which would kickstart a new long-term uptrend in Solana.
$180 and $240 remain key resistance levels, flipping which would pave the way for a new Solana all-time high.
Simply put, SOL remains an attractive buy as long as it continues to hold above $144. However, investors may choose to take some profits at $180 and $240.
Ali Martinez’s Solana price prediction also portrays it as an excellent long-term investment. The popular altcoin is expected to see strong institutional demand, which is already evident by a surge of SOL treasury firms.
Meanwhile, popular trading terminal Robinhood has started a Solana staking service for US users, further confirming the potential for widespread mainstream adoption. Therefore, a price target of $3450 isn’t out of the question.
Best Solana Meme Coins To Buy
Smart money investors continue to view Solana meme coins as excellent beta bets on SOL, considering the strong correlation between the two.
For instance, Fartcoin continues to be an excellent crypto investment for this bull cycle. It reached an all-time high $2.7 billion valuation just because of its funny name. Now, with its Coinbase and Hyperliquid listing, experts project that it could potentially hit $10 billion this year.
However, investors shouldn’t overlook Dogwifhat (WIF) either. New buyers could net over 5x returns as WIF remains poised for new all-time highs before the end of the year.
Among newer meme coins, Snorter (SNORT) has emerged as a high-upside investment. The native token of the new Snorter Bot, SNORT has already raised over $1.5 million in its ICO in short order.
The Snorter Bot is in high demand among retail investors, considering it is the fastest and cheapest Telegram-native crypto trading bot.
Retailers will now have the same speed, automation and real-time market insights that whales have used to dominate profits. Snorter facilitates sub-second meme coin snipes, copy trading, protection against scams and MEV bots, and automated futures trading.
SNORT holders will only pay 0.85% in trading fees, the lowest of any prominent trading bot on the market.
With the Snorter Bot in such high demand, it is no surprise that many are viewing SNORT as one of the best Solana meme coins to buy now.
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