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Solana Price Prediction: Can SOL Hit $3800 Before the Next Bitcoin Halving?
Key Insights:
Top chart expert, Ali Martinez has identified a potential cup and handle pattern in Solana that could help it achieve $3800 in the next few months. Solana has seen the formation of this bullish pattern since November 2021, when the last bull cycle ended in crypto markets.
However, there was a critical pre-condition that was necessary for this bullish move that Solana did not cross $110 at any point. Last week, Solana bounced off the $110 support zone and quickly recovered above its $125 support level, the latter being Solana's bull market base support.
According to Ali Martinez, if Solana sunk below $110, it would have risked a drawdown till $15, based on data provided by the TD Sequential Indicator.
Solana had been bearish lately, falling from $294 (Dec 2024) to $110 levels (in March 2025) due to the liquidity crisis in the crypto markets and the end of the Memecoin Supercycle, a period that previously supercharged Solana's growth from $15 to $3000 within the last 18 months.
If the current prediction comes true, Solana could flip Ethereum with a market cap of $1.9 trillion, coming next to Bitcoin.
Will Solana's Fundamental Support Its Growth?
Solana's last bull cycle was supported by the Memecoin Supercycle that took it from $15 in October 2023 to $300 in December 2024. This supercycle was led by a high mania for memecoins, which has now ended. Memecoins contributed nearly all revenue in Solana, with DeFi and other applications accounting for a minor share.
Now that the memecoin mania has almost ended, the markets look at alternative ways, the Layer-1 crypto could grow. Chris Chung, the CEO of Titan thinks ETFs will break the memechain narrative in Solana, bringing in much needed liquidity into Solana.
Solana could also play a critical role in reshaping the $20 trillion payments industry, which was one of the main goals of blockchain technology.
The founder of Solana, Anatoly Yakovenko, aimed at bringing the Nasdaq on blockchain when Solana was launched in 2020.
Several experts predict that RWA could be the next major sector in crypto after DeFi and memecoins. Leading corporates like BlackRock, UBS, and the Monetary Authority of Singapore have already established their presence in this sector.
Why Solana Beats Most Top L1 Chains?
With Ethereum facing slower speeds, clumsier payment settlement timeframes, and much higher gas fees, Solana could establish itself as a preferred settlement layer for traditional RWA assets like stocks, bonds, and ETFs.
Ethereum has gone bearish in the last couple of months, breaking the $2000 support this month. If it does not reverse soon, the price could potentially fall to $1200 levels.
Besides Ethereum, what makes Solana superior to most top L1 blockchains is its decentralized network of over 1000 validators (much greater than BNB's mere 21) and its ability to support smart contracts (not possible in Bitcoin and Ripple). Further, Solana enjoys a much wider user base of approximately 2.5 million active addresses, much higher than Cardano's 30k active addresses as of 17 March 2025.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.