Solana and This Altcoin Ready for a Rally? Big Targets on the Way!

Crypto analyst Javon Marks made a very bold prediction for Cardano. Marks suggested that ADA's price will rise to $ 7. According to him, the basis of this prediction lies in Cardano's strong recovery in the past period. The analyst said: "ADA has the potential to rise to $ 2.77. If it breaks this level, it is possible to reach a target of $ 7.8."

This prediction is based on Cardano's performance in the previous bull cycle. Analyst Ali Martinez thinks that $ADA will reach $ 4 in a few weeks. Martinez stated that this rise is reminiscent of the big rally in 2021 and said, "If #Cardano continues this momentum, we may see a bigger jump in its price."

Solana stands out as another altcoin that made a strong start to the new year. SOL, which experienced a 33% decline last month, has shown signs of recovery with a 6.25% increase in the last few days. Solana, currently trading at $217.60, has broken a critical resistance level.

Analysts predict that Solana could rise by 22% if it stays above $210, reaching all-time highs. However, according to data provided by Coinglass, there is still selling pressure among long-term investors. It was reported that $201.69 million worth of $SOL was withdrawn from exchanges in the last three days. This situation will cause a sudden sell-off in the market.

This movement in #Cardano and #Solana has created great excitement among investors. However, external factors should also be monitored carefully. In particular, concerns about the new health crisis in China will create volatility in the markets. It is important for investors to act more cautiously during this period.