Technical analysis indicates an increase towards $160.00

Solana Could Be on the Verge of a Major Rally: Veteran Analyst Reveals His Amazing Predictions for Solana Stock #BinanceAlphaAlert

Solana (SOL), the popular altcoin that everyone expected to collapse, has risen from the ashes after hitting the critical $150 level earlier this week.

But one analyst has claimed that Solana may be on the verge of an explosive rally. Expert analyst Ali Martinez, in his analysis from his X account, claimed that Ethereum's biggest competitor, SOL, could reach $4,500.

The analyst based his bullish predictions on the cup handle pattern.

According to the analyst, a cup handle pattern is forming on the Solana chart, which could push Solana's price to $4,500. To confirm this pattern, Solana needs to break the resistance line at the handle and a weekly close above it. Therefore, the analyst did not specify when Solana's price will reach this target

Some analysts also say that Solana's price is unlikely to rise in the near term due to the negative funding rate, low social media volumes, and reduced memecoin activity, and that Solana will undergo a consolidation process. $SOL

$ETH


This is not investment advice