Analyst Forecasts $2,700 for SOL, Conditional on Key Support Level Maintaining Stability

The price of Solana has increased by 3% over the last 24 hours, with its ascent to $166 coinciding with Bitcoin achieving a new all-time high of $122,838 today.

SOL has risen by 12% in the past week and by 16.5% over the last 30 days, while also recording a substantial 104% growth in the past year.

As the market begins to gain momentum again after several subdued months, some analysts are now forecasting that Solana could be on a trajectory towards $2,000 and beyond.

This may represent an optimistic scenario, but given its strong fundamentals, the medium- and long-term outlook for Solana’s price appears quite positive at this moment.

Solana Price Prediction: Analyst Anticipates $2,700 SOL – But Only If This Key Level Holds

In a post on X, analyst Ali Martinez indicated that if the Solana price can surpass and maintain a position above $170 by the week’s end, it could potentially break out towards $2,700.

This optimism is primarily based on SOL’s one-week chart displaying a classic cup-and-handle pattern, suggesting a breakout if the altcoin can exceed the cup’s upper boundary.

This is a critical level for Solana $SOL. A weekly close above $170 could ignite the next major bull run and open the gates to $2,000! pic.twitter.com/JjTaRdUL4h

— Ali (@ali_charts) July 12, 2025

The above post received some skeptical responses; however, it remains true that Solana is still 43% below its all-time high of $293, indicating it has room to grow.

Considering its fundamentals, there is a strong possibility that it could achieve new highs later this year, even if a surge towards $2,700 may be ambitious.

Indeed, Solana is not only the second-largest layer-one blockchain by total value locked (TVL), but it is also anticipating the potential for spot-based SOL ETFs this year.

Bloomberg analysts have assigned a 95% probability of approval for Solana ETFs, and since the SEC has previously accepted Ethereum ETFs, there appears to be no fundamental rationale for rejecting most SOL ETFs.

Therefore, it remains an opportune time to acquire Solana, with the coin’s chart today indicating a significant increase in momentum, although it is still some distance from being overbought.

Source: TradingView

Notably, the relative strength index (yellow) has climbed above 60 and is expected to reach 70 or 80 before SOL begins to correct.

Similarly, the coin’s moving average convergence divergence (orange, blue) has also recently shifted into a more bullish stance and is far from overheating.

Consequently, we are likely to see the Solana price exceed $200 at some point in August, with a potential reach of $300 by Q4.

Snorter Raises $1.8 Million in Presale: Is This the Meme Token with Fundamentals the Market Has Been Waiting For?

If Solana is too significant a token for some traders, they might consider exploring one of several promising presale coins currently available.

Such coins often generate substantial momentum during their sales, leading to significant rallies once they are listed, with Snorter (SNORT) being a likely candidate for such a scenario.

Snorter commenced its presale a few weeks ago and has already raised over $1.8 million, indicating its increasing popularity.

An automated sniping bot, Snorter will utilize AI to identify new coins prior to their rallies, assisting traders in enhancing their portfolios and returns.

Users will need to hold the native token SNORT to access Snorter’s features, which also include copy trading, limit orders, atomic swaps, and protection against rug pulls.

Snorter has been actively building its online community, with the token’s official X account now having over 13,000 followers.

The SNORT token will have a maximum supply of 500 million tokens and will operate on both Ethereum and Solana, providing it with extensive reach.

Holders will be able to stake it for passive income, while newcomers can participate in its sale by visiting the Snorter website.

It is currently priced at $0.0981, but this price will continue to increase for the duration of the sale.

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