Is Solana going to soar to $4000? Experts predict a 2900% increase, it's insane! 😱🚀
Trading mogul Ali Martinez predicts: Solana (SOL) will hit $4000! On March 14, he posted, SOL is forming a 'cup and handle' pattern at the $100 support level and is set to surge by 2900%! He stated that after the drop in November 2021, it has now turned into a 'handle type', and if it breaks $200, it will rush to $4000, with BTC unable to surpass a market cap of $2 trillion!
Holding the $110 key
Ted Pillows also emphasized: It's crucial for SOL to hold above $110; if it breaks below, it could drop 30-40%, but if it holds, it will rebound! Historical support and trend lines are stable, making it a good time to buy!
The spot ETF application is heating up, and the SEC postponed the SOLETF decision on March 11
The final deadlines are in May and October. The proposal to significantly reduce by 80% did not pass, with only 61.39% in favor, which is not enough. There may be short-term selling pressure, but validator rewards are high, which is positive for the long term!
What's the price trend?
The current price of SOL is $133.10, with the 50-day moving average at $183.93 and the 200-day at $186.79, showing a strong downward trend! The fear and greed index is at 27, and the RSI is at 35.38; it needs to break the $150 psychological level, otherwise it will continue to fluctuate! ✨