Crypto prices are showing strength to start the week, with Solana seeing the strongest bounce of any top 10 cryptocurrency on Monday.
The SOL price successfully defended the $141 multi-month support level and is now testing key resistance levels. Sidelined investors could soon get an excellent buying opportunity to new highs.
Meanwhile, high-quality coins are seeing strong green candles on Monday as well, with SPX6900, Fartcoin, Raydium and Dogwifhat among the top performers. Such rallies suggest strong latent demand, making them the best cryptos to buy now for explosive returns later.
As the risk-on environment returns, it provides an ideal backdrop for new Solana meme coin launches, such as Solaxy (SOLX), which is set to go live next week.
Solana Price Prediction – Here’s When To Buy SOL For Maximum Returns
The Solana price has successfully defended the $141 multi-month support level, confirming its macro uptrend and indicating that the altcoin remains in a bull market.
This level has acted as a key support since April end and a strong resistance before that.
Now, it is facing key resistance levels. For starters, it still needs to breach its multi-week downtrend, which started from its late May high, something which several altcoins have already accomplished.
While Solana may fail to break through this resistance on the current attempt, a decisive breakout appears imminent. However, sidelined investors, especially leverage traders, shouldn’t go long on SOL till this descending trendline is breached.
SOL may face resistance at $162 and $178, as well as at its 200-day Simple Moving Average. However, the bulls are eventually hoping for a breach of the big resistance at $187, which would confirm a breakout from a mega Inverse Head and Shoulders pattern.
There is a strong possibility that this results in a rally to $240, and eventually to new all-time highs.
In the long term, Solana remains one of the best cryptos to buy, especially in light of the imminent spot SOL ETF approval and the subsequent institutional investment.
While Solana price prediction from bulls like Altcoin Gordon indicates the possibility of $1000 in the coming years, there is a strong likelihood that the SOL price hits $450 this year.
Unsurprisingly, this is highly bullish for top-quality coins in the Solana ecosystem as well. For instance, smart money investors continue to view Solana meme coins as beta bets on SOL.
Best Cryptos To Buy In The Solana Ecosystem
Among the Solana ecosystem coins, SPX6900 is quickly becoming one of the most attractive buys.
Data from Stalkchain, an on-chain platform that tracks top investor wallets, reveals that $SPX was the most bought token by investors over the past week.
Unsurprisingly, the SPX6900 price is up by 12% over the past 24 hours.
Meanwhile, Fartcoin is back to its bullish ways as well, another Solana meme coin that is being heavily invested in by deep-pocketed whales.
Following Fartcoin’s recent Coinbase listing, bulls are now confident that its price will hit $10 in 2025.
Dogwifhat, Bonk and Popcat are also common picks in experts’ lists of best cryptos to buy in the Solana ecosystem.
Meanwhile, the renewed risk-on environment provides the ideal backdrop for new Solana meme coin launches.
For instance, Solaxy (SOLX), the hottest presale token which has already raised over $45 million, is ending its presale on June 16th and is expected to go live just after.
SOLX isn’t just a shitcoin either. Instead, it is the first prominent Solana Layer-2 coin, powered by ZK rollups, a Hyperlane-powered multi-chain bridge and a deterministic sequencer.
Moreover, the Solaxy project has also recently announced the Igniter Protocol, a competitor to Pump.Fun, which will allow users to launch their own meme coins. These coins will trade on the Solaxy DEX, a powerful and highly liquid decentralized exchange.
The Solaxy Testnet is already live and the chain will become operational in June itself.
Considering that the top Layer-2 tokens end up reaching billion-dollar valuations, it has attracted several six-figure investments from whales throughout the duration of its presale.
Many experts and crypto influencers are viewing Solaxy as one of the best Solana meme coins to invest in.
Visit Solaxy Presale
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