Legendary trader Bluntz (Bluntz_Capital) has adopted a highly bullish stance on Solana, expecting the popular altcoin to hit a new all-time high in the coming weeks.
Using Elliott Wave analysis of SOL’s price action against both USD and Bitcoin, Bluntz suggests that the period of relative weakness and range-bound trading has ended, with a bullish breakout now “imminent.
Despite the recent broader-market pullback, the Solana price continues to hold above key support levels. Moreover, derivatives data show that top traders remain firmly bullish on $SOL, with leveraged positions heavily tilted toward longs rather than shorts.
Indeed, Solana may be one of the best large-cap cryptos to invest in today. Smart money investors are also buying SOL beta plays, including meme coins and low-cap utility tokens. Snorter (SNORT), which is a combination of both, is being backed by experts as the next 100x crypto.
Solana Price Prediction – When To Buy SOL And What Returns To Expect?
Ethereum’s explosive bull rally has outshone Solana in recent weeks. However, its fundamentals have been gradually improving. For instance, the number of wallets holding over 10,000 SOL have reached a new all-time high, while
Now, the sixth-largest cryptocurrency is ready for new all-time highs as well, legendary crypto trader Bluntz reveals.
He has used Elliot Wave analysis for his Solana price forecast. For the uninitiated, the Elliott Wave theory states that markets move in a repeating cycle of five waves (1-2-3-4-5) in the direction of the trend, followed by three corrective waves (A-B-C) against it. This structure reflects the natural rhythm of crowd behaviour in financial markets.
Bluntz highlights that SOLUSD has completed a macro A-B-C corrective wave, which means that a bullish breakout is next. SOLBTC is also showing significant strength, up by 1% today and 9% over the past month.
Considering Solana’s current all-time high is $294, Bluntz’s forecast means spot buyers stand to earn 57% returns, while leverage traders could see higher returns, though they also bear greater risk.
The Solana price continues to hold above the key $175 – $185 zone, marked by the pink rectangle in the price chart below. This is perhaps the most important S/R zone in the Solana chart, and a weekly close above it would confirm the start of a new uptrend.
Unsurprisingly, seasoned traders remain heavily long on SOL. Coinglass data reveals that the top trader accounts on Binance have a long/short ratio of 3.5517. This means that for every short position, there are roughly 3.55 long positions.
Indeed, prominent experts aren’t looking to sell their Solana positions. Altcoin Sherpa, who self-admittedly bought the SOL top, remains confident that he will have an excellent opportunity to sell much higher in the mid term.
The question for sidelined investors now remain whether they should buy at the current price or wait for a better entry. Analyst Ali Martinez’s Solana price prediction projects that interested buyers may get one more dip to $175, which would be an excellent buying opportunity.
Best Solana Beta Coins To Buy
Smart money investors are accumulating beta SOL coins to maximize their returns from the imminent Solana breakout.
For the uninitiated, high beta coins move in close correlation with a benchmark asset but tend to amplify its gains, often delivering outsized returns during bullish phases.
For instance, Solana meme coins like Bonk, Dogwifhat and Fartcoin are excellent beta plays on Solana, with some experts even treating them as leveraged SOL.
Even small-cal SOL-based coins are in high demand. For instance, Snorter (SNORT) has raised over $3 million in its presale behind strong whale and retail investment.
SNORT is the perfect investment for low-cap hunters. Not only does the token itself has high upside potential, it also powers the Snorter bot, the fastest crypto trading bot on Telegram.
Snorter has sub-second sniping capabilities, while also protecting investors from MEV attacks, rug pulls and scams. Users won’t miss out on any early buying opportunity, but won’t fall prey to nefarious scams either.
Additionally, they can benefit from automated futures trading, copy trading and instant swaps.
Snorter isn’t just the fastest sniper bot, it is also the cheapest. SNORT holders will pay just 0.85% trading fee, the lowest of any major crypto trading bot.
As a result, the strong demand for SNORT isn’t surprising, with many even calling it the next 100x crypto.
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