The Solana price saw an 8% pullback from last week’s high of $250, falling to $230 on Monday, owing to the broader market correction heading into Wednesday’s FOMC.
The sharp sell-off has resulted in considerable panic among investors. However, experts believe that the bearish sentiment is unwarranted, with many projecting $SOL to be one of the best altcoins to buy following the FOMC.
Solana treasury companies are ramping up accumulation at a record pace. Forward Industries, which announced its SOL strategy as recently as September 8, has already built a $1.58 billion position.
Treasury accumulation was the catalyst behind Ethereum’s explosive rally in July and August. With Galaxy Digital and Jump Crypto adopting a similar approach to Solana, experts believe $SOL could be on track for $500 before year-end.
Some Solana price predictions are even suggesting the possibility of $1000 in the mid-term.
Forward Industries, Pantera And Helius Accumulate Solana At Unprecedented Levels
The Wall Street demand for Solana is here.
Forward Industries announced its Solana treasury strategy on September 8th, backed by giants like Galaxy Digital, Jump Crypto and Multicoin Capital.
Today, on September 16th, it already has $1.58 billion worth of $SOL holdings.
Seeing the rapid SOL accumulation, prominent analyst Ted Pillows predicts that the Solana price could hit $1,000 this bull cycle.
Other TradFi institutions aren’t lagging either: Pantera Capital’s Dan Morehead revealed that Solana is now the firm’s largest holding.
Likewise, Helius announced an oversubscribed $500 million PIPE offering led by Pantera and Summer Capital to launch its Solana treasury strategy.
Solana Price Prediction: How High Can It Go After The FOMC?
Solana investors do not need to panic just yet, despite an 8% drop to start the week.
Legendary trader Bluntz states that the bearish sentiment is “unwarranted”, citing bullish divergences in SOLUSD and SOLBTC in the hourly timeframe. As per his Solana price prediction, the altcoin can hit $500 by Q1 next year.
Notably, the Solana price has formed a bullish divergence with its on-balance volume (OBV), which suggests strong buying pressure.
Prominent analyst Altcoin Sherpa claims that Solana will be one of the best altcoins to buy for the post-FOMC crypto rally, citing the growing number of SOL treasury firms.
However, sidelined investors should wait for either a successful retest of the $224 support or a breakout from the $240 resistance before opening a leveraged long position on SOL.
Solana Meme Coins Also Among The Best Altcoins To Buy Now
Solana meme coins are in high demand, despite the recent pullback. For instance, Fartcoin has formed a bullish divergence with its RSI and OBV in the daily timeframe, a sign of an imminent rally.
Similarly, Bonk has formed a hidden bullish divergence in the hourly timeframe, making it one of the most attractive meme coin investments.
Among the low-caps, Snorter (SNORT) is quickly becoming one of the hottest commodities. It has raised nearly $4 million in its presale in short order, a sign of high upside potential.
SNORT is the native token of the Snorter bot, the fastest Telegram-based Solana sniper and crypto trading bot.
This new cutting-edge bot is being viewed by many as the tool that levels the playing field between whales and retailers. In the meme coin market, timing is everything, and Snorter scans new pools in real time and executes trades the instant liquidity appears, giving retailers a shot at early entries that are usually dominated by insiders.
Built-in rug-check tools flag risky contracts before a trade goes through, while liquidity monitoring reduces failed transactions.
Traders can also set automated stop-loss and limit orders directly in Telegram, ensuring better control and protection even when they are not actively watching the market.
While anyone can use the bot, SNORT holders get attractive perks, including a reduction in trading fees from 1.50% to 0.85%.
Owing to its unique value proposition, many are viewing Snorter as one of the best altcoins to buy, with some even eyeing up to 100x returns.
Visit Snorter Presale
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