Elite Trader: Solana’s Strong Fundamentals Surpass Price Decline, Presenting a Buying Opportunity

Elite Trader Insights

Price Outlook – Recent Dip Viewed as a Buying Window Backed by Strong Fundamentals

A well-known crypto market analyst has updated their perspective on Solana (SOL) after a recent decline, suggesting the drop is due to short-term technical factors rather than any fundamental issues with the network. Even though SOL’s price has fallen 10% over the past week, dropping

below $203 from a recent peak near $210, the analyst highlighted that on-chain indicators like total value locked (TVL) and user engagement remain strong. This contrast between price movement and network strength has led to optimism that the downturn is only temporary.

The price retreat has occurred alongside negative technical signals, such as a bearish RSI and a leveling MACD. Still, the analyst argued these do not point to a major sell-off. Instead, they cited Solana’s transaction speed—averaging 200,000 transactions per second—as a standout feature. The network’s capacity to sustain high throughput despite price weakness demonstrates its value for DeFi and business applications. Furthermore, long-term investors have seen returns over 5,000%, indicating a solid foundation of support.

The analyst’s updated projection is based on Solana’s expanding ecosystem. Recent figures reveal that Solana’s TVL has grown by 12% month-over-month, fueled by renewed enthusiasm for DeFi projects and cross-chain solutions. The network’s low transaction costs and rapid speeds continue to draw developers, with more than 1,200 active projects now on Solana. Experts link this expansion to key partnerships, including a recent deal with a leading cloud provider to enhance Solana’s infrastructure.

Although Solana’s price has not kept pace with Ethereum’s recent surge, the analyst believes Solana’s strong fundamentals set the stage for a recovery. “The latest pullback has made SOL more appealing for new investors,” they noted, referencing a 20% rise in on-chain staking as a sign of renewed interest. The analyst has raised their year-end price target for SOL to $220–$230, up from the previous $200–$210 range, reflecting increased confidence in the network’s technical strengths.

Despite this, market participants remain wary due to ongoing volatility in the crypto sector and regulatory headwinds. The analyst recognized these challenges but pointed out that Solana’s market cap is still much lower than that of

and which could help drive stronger performance. “SOL’s attractive valuation and practical utility make it a strong contender for a rebound,” they concluded.

Source: [1] Solana,

lag behind while RTX is favored for 40× growth