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Cryptocurrency News Articles
Sidelined investors could soon have an excellent opportunity to buy Solana.
Apr 08, 2025 at 10:18 pm
$SOL fell to $95.16 late on Monday as Donald Trump's trade wars continue to weigh on the global financial markets.
Sidelined investors could soon have an excellent opportunity to buy Solana.
Its price fell to $95.16 late on Monday as Donald Trump’s trade wars continue to weigh on the global financial markets. However, it has since rallied by nearly 17%, trading at $111 at press time, following a massive bullish divergence formation on its daily chart.
Even analysts who believe $SOL hasn’t bottomed yet are going long for a potential short-term bounce.
Solana price predictions from prominent traders also indicate that now could be an excellent opportunity to buy SOL – as long as investors remain cautious around key support and resistance levels.
Massive Bullish Divergence On Solana’s Daily Price Chart – What It Means For Interested Buyers?
Amid broader market uncertainty, RSI divergences have emerged as one of the clearest and most reliable signals of an asset’s price trajectory.
Solana has formed a clear bullish divergence in its daily chart, as indicated by the lower low in its price and the higher low in its RSI-14.
Unsurprisingly, $SOL has rebounded sharply from its $95 Monday low, rallying by more than 16% to trade at $111 at press time.
The bullish divergence hasn’t gone unnoticed by prominent analysts. For instance, popular crypto trader Bluntz has revealed that he has bid on Solana following its bull-div formation.
Bluntz was one of the first prominent voices to call out the Solana top. He still expects more downside volatility for the asset in the coming weeks, rejecting the possibility that the bottom is in. However, he does expect a relief rally in the coming weeks.
Analysts also highlight how Solana has declined from $295 in nearly a straight line. A typical pullback, according to the Elliot Wave Theory, follows the A-B-C pattern – two corrections, with a relief rally in between.
Experts believe that $SOL has now started its “B” move, meaning that a strong short-term bounce is coming for Solana.
Solana Price Prediction – How High Can $SOL Go In 2025?
Solana price predictions from prominent analysts indicate that now is a good time to buy SOL.
Popular Elliot Wave analyst, X Force Global, agrees with the assessment that $SOL is now due a “B” relief rally, potentially to $160 – $200.
Meanwhile, trader Nebraskangooner believes $120 to be the moment of truth for Solana. A flip of this level would pave the way for $140 and higher in the coming days.
In the long term, experts anticipate more downside volatility for $SOL, owing to broader market uncertainty.
Trader Lana Queen expects a drop to $80, the lower boundary of a key support zone, before an explosive bullish reversal. Her 2025 price prediction for Solana is a new all-time high of $400.
Solana Ecosystem Coins Are Also Exploding – Fartcoin And Solaxy Could 10x In 2025
Solana’s bullish momentum is mirrored by powerful rallies across several assets within its ecosystem.
Fartcoin continues to be one of the hottest assets on the market, defying the broader market selling pressure. The Solana meme coin is now trading at $0.61 and is extremely close to breaking out from a bullish cup-and-handle pattern.
A breach of the $0.63 resistance could pave the way for a rally to $1.
Besides Fartcoin, a new Solana layer-2 coin, Solaxy (SOLX), has caught the attention of whales and has raised nearly $30 million in its ICO.
Deep-pocketed investors continue to pour in six-figure investments into SOLX for a wide variety of reasons. For starters, it is currently in its presale and is available at a fixed price, thus protecting their investments from the broader bearishness.
Moreover, Solaxy is the first prominent Solana Layer-2 coin, which means high upside potential. The top Bitcoin and Ethereum L2s have multibillion-dollar valuations, suggesting that SOLX could be highly undervalued during its presale.
With its strong presale performance and unique value proposition, several analysts are viewing Solaxy as the next 10x crypto.
Visit Solaxy Presale
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