Expert Reveals How Low SOL Will Go

The Solana price is down by nearly 53% since the TRUMP meme coin mania pushed it to a new all-time high of $293. 

SOL is trading at $138 at press time, up 5% from its weekly low of $131. 

Several smart money investors have already started to buy the dip, while others are waiting for more downside volatility. 

Prominent analyst Bluntz, who accurately predicted SOL’s correction at $220, has now given another Solana price forecast, revealing the key level where the price is likely to bottom out.

Solana Price Forecast – Top Analyst Reveals The Bottom

Popular Bybit trader Bluntz (@Bluntz_Capital) was one of the first analysts to call the Solana top, particularly when it lost the $220 support level. Besides the bearish divergence in the two-week time frame, SOL’s Elliot Wave counts indicated that it had adopted a bearish trajectory. 

Now, Bluntz’s recent Solana price forecast suggests that the altcoin will likely bottom at $117. While its trajectory remains uncertain and SOL could experience bull trap bounces, the analyst anticipates it will “at least” reach $117 eventually.

The SOLBTC pair further indicates the bottom isn’t in just yet. It broke down below a falling wedge in the weekly timeframe. 

Bluntz claims that the pair likely won’t start its bullish reversal without testing the 0.618  or 0.786 Fibonacci levels, which are currently at 0.00148 and 0.00104, respectively. SOLBTC is currently trading at 0.00163. 

A correction to $117 for $SOL falls in line with the growing expectation that the Bitcoin price will likely fall below $80,000 and bottom somewhere in the $72k – $74k range. 

Sidelined investors should ideally start DCAing near the $117 price mark, which would be an excellent entry point.

With financial conditions expected to ease in the second quarter and global M2 money supply already on an uptrend, a major crypto bull market is on the horizon. Solana price forecasts from prominent analysts have the altcoin peaking somewhere between $300 and $400 in 2025. 

These Solana Meme Coins Are Also Expected To Bounce

It could finally be time to buy some popular Solana meme coins. 

Popcat ($POPCAT) has flipped a key S/R level and is up by 11% on Thursday. It is also highly undervalued at under the $250 million market cap. 

Similarly, Dogwifhat (WIF) is undervalued at a market cap of just over $570 million. Considering investors view it as a beta bet on SOL, it is highly unlikely it won’t push towards new highs when the broader market outlook improves. 

New Solana meme coins are also in high demand, especially those with long-term viability. For instance, Solaxy (SOLX) has raised nearly $24 million in its presale behind strong whale interest. 

Solaxy isn’t an ordinary meme coin. At its core, it is the first prominent Solana Layer-2 solution, designed to tackle the extreme network congestion that SOL faces during periods of heavy traffic. 

Its rollup architecture, featuring ZK proofs, data availability verification and a deterministic sequencer, promises fast and cheap SOL transactions, exponential scalability and zero downtime. It will also include an Ethereum-Solana bridge for high interoperability. 

Prominent analysts believe SOLX is available at a bargain during its presale, even as the price increases following the completion of each stage. After all, it is the first prominent Solana L2 coin. 

Several early buyers are eyeing up to 10x returns from Solaxy, especially due to its staking protocol. 

Visit Solaxy Presale