Top 3 Must-Buy Solana-Based Altcoins With High Potential

With Bitcoin heading towards $70K, the smart money flows to high-potential altcoins. Further, in the broader market recovery, the Solana token price is gaining bullish momentum and nears $200.

As Bitcoin (BTC) approaches the key resistance of $70,000, institutional investors are shifting their focus towards high-potential altcoins. In the broader market recovery, the Solana (SOL) token price is gaining bullish momentum and nears the psychological mark of $200.

Amid the recovery rally, Solana-based altcoins present a buying opportunity to ride the trend reversal rally. So, let’s have a closer look at our top picks of must-buy Solana-based altcoins.

Solana Price Performance

With a 12% jump last week, the SOL price is up by 7.21% this week, surpassing the 61.80% retracement level. As the bounce back from $125 gains momentum, Solana approaches the rounding bottom neckline at $250.

Hence, with the rounding reversal, Solana reveals a massive upside and teases a surge in Solana-based altcoins in the coming weeks and months. In light of this, we have picked three must-buy Solana-based altcoins with high potential.

Must-Buy Solana-based Altcoins: Parcl (PRCL)

In a rounding bottom reversal, the POND price action tests the 23.60% Fibonacci level at $0.2920. However, with the crucial resistance acting as the neckline, the Solana-based token teases an inverted head and shoulder pattern.

With a potential breakout of the 23.60% Fibonacci levels, the upside levels tease an 85% move to the $0.50 psychological mark. Hence, the PRCL is one of the must-buy Solana-based altcoins to buy to ride a trend reversal rally.

Ben The Dog (BENDOG)

Similar to Solana, the BENDOG price action reveals a rounding bottom reversal in the daily chart. Based on Talking Ben, the BENDOG token is up for a bull run ahead as Solana nears $200.

Currently, the Solana-based altcoin trades at $0.02507 with an intraday growth of 8.53% and seven days up by 65%. Optimistically, the neckline breakout rally can reach the 78.60% level at $0.052. The 126% upside move possible in the coming months makes BENDOG a must-buy Solana-based altcoin.

Merlin (POND)

Despite a pullback phase, the ongoing recovery within a bearish wedge promises massive upside moves in the POND prices. With a 20% jump in the last ten days, the Merlin token tests the overhead trendline of the falling wedge pattern.

Further, with the double bottom reversal from the $0.015 baseline, the breakout chances are increased. As per the trend-based Fibonacci levels, the POND price could hit the $0.060 mark or the 1.618 Fib level. Hence, the bull run ahead with the potential breakout puts Merlin on the must-buy Solana-based altcoins list.