Solana may be on the verge of a major rally! An experienced analyst reveals his incredible forecast for SOL!
Analyst Ali Martinez stated in his analysis from his X account that the largest competitor to Ethereum, namely SOL, could reach $4500.
The analyst based his large forecast on the 'cup and handle' model.
According to the analyst, a 'cup and handle' pattern is forming on the Solana chart, which could drive the price of SOL up to $4500. However, for this pattern to be confirmed, Solana will need to break the resistance line in the handle and close the week above it. Therefore, the analyst did not specify a timeline for when the price of SOL might reach this target.
However, some analysts also claim that the price of Solana is unlikely to rise in the near future due to negative funding rates, decreasing social volumes, and falling meme activity, and that Solana will undergo a consolidation process.
Solana, which has fallen by 2.7% in the last 24 hours, continues to trade at $148.
$SOL , $ETH
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