Solana (SOL) Price Prediction — Here's When To Buy SOL

Crypto prices are seeing a strong bounce in early US trading hours on Monday, with the Bitcoin price reclaiming the $88,000 level.

Crypto prices are seeing a strong bounce in early US trading hours on Monday, with the Bitcoin price reclaiming the $88,000 level. Solana followed suit, surging to a high of $143 — a rally of over 50% from its April 7th bottom. Solana price predictions from prominent analysts suggest it would be one of the top-performing altcoins in the upcoming crypto bull run.

Its bullish strength has resulted in significant FOMO buying from whales. Data from Lookonchain reveals that a whale purchased over $52 million worth of $SOL from Binance at $141. However, bearish divergences on the Solana price chart suggest that the sidelined investors who exercise patience will likely get better entry positions in the coming days. Solana Price Prediction — Here’s When To Buy SOLSolana saw a significant decline in its value in the first quarter, declining over 67% from its $295 all-time high. However, $SOL now appears poised for a strong Q2. Following its April 7th bottom of $95, the Solana price has rallied by more than 50% to trade as high as $143 on Monday.Prominent crypto analyst Bluntz called the latest move on April 8th, highlighting a bullish RSI divergence on the daily timeframe. While he doesn’t believe the broader $SOL downtrend is over just yet, he anticipates a short-term relief rally to $220.Indeed, Solana price predictions from smart money investors point to a high probability of a rally beyond $200.However, sidelined investors who missed out on the upside move from $95 to $143 should exercise patience instead of FOMO buying at the current price. For starters, the $140 – $145 range is a key resistance zone for Solana, which it hasn’t managed to breach just yet. Instead, its Relative Strength Index (RSI-14) has hit the “overbought” zone and has formed a bearish divergence in the 4-hour timeframe — indicated by a higher high in price and a lower high in RSI. Solana formed a similar bearish divergence in the overbought RSI territory on April 14th, which resulted in a 10% correction. A similar pullback now could result in a dip to $128. A retest of the $125 support is possible as well. Buying Solana at $125 instead of $143 could be the difference between securing 75% returns versus just 50% when it rallies to $220 in the coming weeks.In the meantime, sidelined inventors should consider investing in Solana meme coins, many of which are nearing major breakouts.Best Solana Meme Coins To Buy — Fartcoin, Popcat and SolaxySolana meme coins are displaying significant bullish strength, with Fartcoin leading the charge. Following a brief dip to the $0.70 support level, the Fartcoin price has rallied back to the $0.95 resistance level. While another short-term pullback is possible, a flip of the $0.95 resistance would pave the way for a rally to $1.25, and subsequently, to new all-time highs. Similarly, Popcat is seeing significant buying pressure as well. Following a 160% rally earlier in the month, the $POPCAT price is currently trading within a parallel channel. A flip of the upper trendline and the $0.29 resistance would provide an excellent buying opportunity for sidelined investors. "The Solaxy Era Begins

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#Solana #L2 #Web3 #Crypto" - Ben Armstrong (@ArmstrongBen) April 10, 2024New Solana meme coins are also in high demand. For instance, Solaxy (SOLX) is being viewed by experts as one of the best cryptos to buy now, owing to its strong presale performance. The SOLX presale has raised over $31 million in short order, an impressive feat considering the broader market unrest. Solaxy is the first prominent Solana Layer-2 chain, making it a promising beta play on $SOL. Experts have noted that the top L2s in the Bitcoin and Ethereum ecosystems have billion-dollar valuations. Its cutting-edge scaling solution — which includes ZK rollup technology, a Hyperlane-powered multi-chain bridge and data availability tools like Celestia — has already impressed analysts. The latest launch of Solaxy’s Testnet Block Explorer is also creating quite a buzz. All eyes are now on the SOLX token launch. Considering its small