There is a growing speculation surrounding Solana, with both the bears and the bulls attempting to get in the driver’s seat.
Just today, a whale made waves with its 20x short position on Solana with a $1.7 million margin.
However, if prominent analysts are to be believed, his position might get liquidated as Solana appears poised for a bullish continuation.
Investors are eyeing a flip of the $180 resistance, which would pave the way for a new all-time high.
Prominent analyst Ali Martinez went a step further with his Solana price prediction. He highlights that if the SOL price manages to flip the $200 level, it would confirm a multi-year cup-and-handle pattern, with a price target of $3,250.
#Solana $SOL above $200 is an instant buy, as it could be breaking out of this massive cup-and-handle pattern! pic.twitter.com/cE2XUSTGLJ
— Ali (@ali_charts) May 15, 2025
Solana Price Prediction — How High Can SOL Realistically Go?
The Solana price is currently $170, with a market capitalisation of $88 billion. Assuming that the supply remains constant, Solana would need to appreciate by nearly 20x to reach the $3250 price target given by Martinez.
At this price point, SOL would have a $1.7 trillion valuation, just shy of Bitcoin’s current $2 trillion market cap, which appears unlikely in the short or mid term.
However, even if Martinez’s price target proves inaccurate, he’s spot on in noting that Solana has formed a multi-year cup-and-handle pattern — one of the most bullish chart patterns in the crypto market.
A breakout above the $210 neckline would confirm the breakout, paving the way for new all-time highs.
Solana price predictions from other prominent analysts also give credence to Martinez’s bullish thesis.
Popular trader Inmortal also claims that SOL is poised for a new all-time high of $320, especially if it manages to flip the $180 resistance. Considering the soaring global liquidity, this target may be achieved within the second quarter itself.
$180 is the line on the sand, but it won't take long to get through it.
After that, $320.$SOL pic.twitter.com/qhUKO5T8lS
— Inmortal (@inmortalcrypto) May 16, 2025
Sidelined investors, especially those who are looking to open up a leveraged long on SOL, should wait for a breach of the $180 resistance and be cautious of the $205 resistance.
However, they should also be prepared for the possibility of more downside volatility, in which case, they should be looking to buy on the successful retest of the $140 support level.
Considering SOL’s bullish prospects, smart money investors are heavily investing in low-cap Solana meme coins, owing to the correlation between the two.
Best Solana Meme Coins To Buy
Among the blue chips, Dogwifhat and Bonk are two of the best Solana meme coins to buy, owing to their strong correlation with SOL.
It is also advisable to have some exposure to Donald Trump’s meme coin, Official Trump, despite its shaky tokenomics.
Sidelined investors should also invest in low-cap meme coins, owing to their high upside potential.
For instance, a whale recently purchased $400k worth of Solaxy (SOLX), one of the first prominent Solana layer-2 coins.
Behind such heavy whale buys, it is no surprise that the SOLX presale has already surged past the $36 million milestone.
We're picking up speed! 
36M Raised! 
pic.twitter.com/H68BVdkcVf
— SOLAXY (@SOLAXYTOKEN) May 14, 2025
Experts aren’t anticipating the flurry of six-figure whale investments to stop anytime soon, especially as Solaxy is ahead of schedule in its Layer-2 development. The project recently unveiled its Testnet multi-chain bridge, designed for high interoperability between the top blockchain networks.
Its ZK rollup and integration with data availability tools like Celestia are coming down the pipeline.
With its promise of low-cost and fast transactions, zero downtime and high scalability — even during periods of heavy traffic — Solaxy could soon become a key part of the Solana ecosystem.
Unsurprisingly, crypto influencers are eyeing up to 20x returns from SOLX, especially considering the multibillion-dollar valuations of Bitcoin and Ethereum L2s.
Visit Solaxy Presale
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