Solana (SOL) is on the rise amid ETF optimism and technical strength. Volume surged 12% this week, as trading intensity picked up, indicating increased market involvement as the token approaches the $220 resistance level.
Analysts pointed out that the ETF buzz is sparking renewed interest in the altcoin market. Cardano (ADA) and Avalanche (AVX) have risen as the top altcoins to buy, amidst fresh institutional inflows and robust fundamentals. In addition to these two, MAGACOIN FINANCE has also been highlighted by analysts as a promising project thanks to the growing investor base and orderly roadmap in the development of the project.
Analyst Reveals 500% Solana Price Target
A bullish Solana price prediction by analyst Ali Martinez charts a long-term target of $1,300 based on a confirmed cup and handle pattern being complete. The structure appears similar to Solana’s 2021 highs and 2022 lows near $8, representing a full cycle correction and recovery.
Source: X
The breakout above the handle now implies renewed momentum. Martinez’s technical projection follows the Fibonacci extension at 1.618, suggesting the target near $1,300 if Solana holds support above $200. Resistance levels are still $365, $590, and $870.
Key Solana Price Levels to Watch
Solana’s near-term chart looks like it is forming an ascending triangle pattern with resistance at $220 and a target around $270. Analyst Jussy stated a close above $220 would confirm the breakout, with a possible 24% upside.
Source: X
Volume increases with higher lows suggest ongoing buying pressure. Solana, despite lagging behind Ethereum and BNB this year, is positioned to turn it around as ETF decisions near.
ETF Developments Boost Investor Confidence
The Grayscale Solana ETF (GSOL) filing has sparked further optimism. The fund hopes to be one of the first spot Solana ETFs with staking rewards and will charge a 0.35% management fee.
Grayscale’s filing comes after the Bitwise Solana Staking ETF (BSOL) hit the market, which offers a lower 0.20% fee plus zero fees for the first three months or until assets surpass the $1 billion mark. Both ETFs are pending SEC approvals, which have been put on hold due to the U.S. government shutdown. Once cleared, they will trade on NYSE Arca, opening the door to regulated Solana exposure.
ETF analysts predict that these products might capitalize on institutional inflows like Bitcoin and Ethereum, further bolstering Solana as one of the most popular altcoins.
Top Altcoins to Buy
Cardano (ADA)
Cardano’s stock keeps soaring as buyers await the ETF decision in late October. ADA recently bounced off the $0.75 support zone, with rising long-term accumulation and developer activity fueling the breakout. Analysts expect to see a push to $1.10 if ETF approvals continue to come through. Cardano’s expanding staking ecosystem and emphasis on on-chain governance continue to make it a favorite among investors seeking Layer‑1 exposure.
Avalanche (AVAX)
Avalanche has been one of the strongest Layer‑1s this quarter. The token has surged nearly 30% in October alone, based on rising adoption in real‑world asset tokenization and DeFi protocols. The demand for projects based on the Avalanche platform continues to increase as developers leverage the subnets to deploy large‑scale blockchain applications. Analysts consider AVAX one of the best altcoins to buy, particularly for investors who wish to diversify their portfolios beyond Ethereum and Solana.
MAGACOIN FINANCE
Analysts also point to MAGACOIN FINANCE as a standout among emerging projects. Verified progress reports show that its funding round has raised more than $16 million and attracted over 13,500 participants.
The project’s roadmap emphasizes transparency, capped token supply, and sustainable tokenomics. This structure has drawn both retail and early institutional interest. Its expanding investor base reflects growing confidence that MAGACOIN FINANCE could become a key player as capital rotation returns to smaller, high‑potential altcoins.
Conclusion
Solana’s bullish structure, paired with rising ETF expectations, supports the view that SOL may be preparing for another major rally. A confirmed breakout above $220 could validate the 500% Solana price prediction analysts have identified.
Meanwhile, ADA, AVAX, and MAGACOIN FINANCE continue to gain momentum as investor confidence strengthens across the altcoin sector. With ETFs nearing approval and liquidity returning, these projects could lead the next wave of growth in the top altcoins to buy category.