$SOL shows bullish trends - AMBCrypto Analytics

Prominent analyst Ali Martinez has shared his optimistic outlook for Solana on X (formerly Twitter). He noted that the altcoin’s current price movements were reminiscent of its behavior in 2021. 

The Relative Strength Index (RSI) during both periods displayed similar low levels before a significant breakout. In mid-2021, this led to a surge in Solana’s price.

At press time, the RSI was at low levels once again, suggesting the possibility of an upcoming bullish trend.

Martinez’s analysis, extrapolating from historical patterns, projected a target price of $950 for Solana. He emphasized that technical indicators, particularly in oversold conditions, supported the likelihood of a bullish trend.

Raoul Pal, a figure in the crypto space, has also expressed confidence in Solana’s future price trajectory. Pal predicted a substantial price increase in 2025, especially during the anticipated “crypto summer.”

He considered a 100% price increase conservative, expecting a typical rise of around 300%, which would set Solana’s price at approximately $600.

Pal further speculated that Solana could reach $1,200 during a full market cycle, with the potential to exceed $2,000. For a shorter cycle, he predicted a price of around $750.