SOL expected to soar 1,000% in bull market! Targeting $1,800
Ali Martinez, a well-known cryptocurrency analyst, expressed optimism about Solana’s future price in a recent X (formerly Twitter) post. Martinez believes Solana has the potential to rise significantly, perhaps breaking the $1,000 mark and setting a new all-time high.
Martinez’s prediction is based on Solana’s recent price dynamics. He shared a price chart showing SOL’s movement from the end of 2023 to the end of 2024, predicting that the cryptocurrency’s price could potentially surge to $1,800.
Based on his analysis, Martinez predicts Solana could rise as much as 900% by the end of 2024. Considering Solana only topped out at $259.96 in 2021, such a rise would be a major milestone for the cryptocurrency.
Considering that the price will gradually increase, Martinez revealed that Solana may experience multiple corrections or short-term price drops on the way to reach the $1,000 target. One of these corrections could occur near $167, which suggests Solana could pull back to that level before breaking out to new highs. After these short-term corrections, SOL is expected to continue rising, eventually reaching $1,000 in due course.
Solana (SOL) has been maintaining a strong upward trend over the past month, steadily approaching the key $200 price level. The cryptocurrency is up about 14.71% in the past seven days, according to data from CoinMarketCap.
