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 based his prediction on Solana’s recent price action. He shared a price chart showing SOL’s trajectory 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 expects Solana could rise by as much as 900% by the end of 2024. Considering that Solana peaked at just $259.96 in 2021, such a gain would represent a significant milestone for the cryptocurrency.
Considering the gradual increase in price, Martinez revealed that Solana may experience multiple corrections or short-term price declines on its way to reaching its $1,000 target. One of these corrections could occur around $167, suggesting that Solana may pull back to that level before breaking out to new highs. After these short-term corrections, SOL is expected to continue to rise and eventually reach $1,000 when the time is right.
Solana (SOL) has been on a strong uptrend over the past month, steadily approaching the key $200 price level. According to data from CoinMarketCap, the cryptocurrency is up about 14.71% over the past seven days.
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 based his prediction on Solana’s recent price action. He shared a price chart showing SOL’s trajectory 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 expects Solana could rise by as much as 900% by the end of 2024. Considering that Solana peaked at just $259.96 in 2021, such a gain would represent a significant milestone for the cryptocurrency.
Considering the gradual increase in price, Martinez revealed that Solana may experience multiple corrections or short-term price declines on its way to reaching its $1,000 target. One of these corrections could occur around $167, suggesting that Solana could pull back to that level before breaking out to new highs. After these short-term corrections, SOL is expected to continue to rise and eventually reach $1,000 when the time is right.
Solana (SOL) has been on a strong uptrend over the past month, steadily approaching the key $200 price level. According to data from CoinMarketCap, the cryptocurrency is up about 14.71% over the past seven days.
