3 Solana Price Predictions From Top Crypto Whales

Various analysts have released their predictions about the next price trajectory for Solana. We have brought together thoughts about Solana's next price direction from top analysts in the industry.

Top crypto analysts are sharing their thoughts on Solana’s next price move. While some predict a bearish move, others see the price going up under certain conditions in the short term. Here are some analysis highlights:

Analyst Expects Price to Increase to $185

Scient, who has over 22,000 followers on X, shared an analysis of Solana and where the price could be heading. At the time of the analysis, the price was around $154.65, just above the 200-day EMA (Exponential Moving Average) and close to key support at $151.28.

The analyst is looking to place a limit-long order at the 4H 200EMA, targeting a potential breakout from the current consolidation range.

The buy-side Fair Value Gap (FVG) mentioned refers to a potential area where the price could revisit before a bounce, which is around the $150-$151 area.

The analyst believes that once this consolidation ends, SOL will break out toward the all-time high (ATH) around $259.70. However, the immediate target is around $185.

Key Levels of Resistance and Support

The analysis shows support at $151.28, which aligns with the lower end of the current consolidation range and is close to the FVG zone.

There is resistance/target at $174.24 (immediate resistance) and $185.35 (target area).

The chart suggests an upward trajectory after a possible bounce from the $150 area, targeting the $185 level first.

If the breakout continues, the next key levels would be $209.88 and $260.03 (ATH).

Possibility of a Price Crash to $55 and $33

AlanSantana, a popular crypto analyst on TradingView, also updated his Solana crash target to a bit lower. The analyst sees the price falling to $55.

However, he notes that the level also does not have much support, which means there could be a further drop below that level, possibly to $33.

The analyst said if the downward move started around August 29, it could go down for three weeks and finally have a bottom on September 19. However, he adds that this is just speculative guessing, and the timing is not expected to go that way.

The second move after the bounce will be the end of the bearish wave.

The analyst admits the timing is hard to predict, but Solana, Bitcoin, Ethereum, Ripple, Tron, Avalanche, and many other cryptos are also going down.

Elliott Wave Suggests Two Potential Scenarios for Solana Price

A crypto analyst from the YouTube channel “More Crypto Online” presents a Solana price update using Elliott Wave technical analysis. The analyst outlines two potential scenarios for Solana’s price movement.

In the first scenario, the analyst suggests Solana could retest the lowest support region, which is described as the larger Wave 2 support box. This box is defined between $19.95 and $14.037, specifically between the 78.6% retracement and the 38.2% retracement. In this scenario, the rally from the 5th of August would be a wave 1, and the wave two is still unfolding.

The analysis highlights that the current rally is only in three waves and very fragile, originating from what the analyst terms a corrective base. This signifies the importance of support regions in determining which scenario is unfolding.

If the price breaks above resistance, the analyst’s roadmap should take us into the $200 region. However, he cautions that the overall bullish thesis fails with a break below $119.