Ali Martinez, an authority on cryptocurrencies, expects a big increase in Solana's (SOL) worth, based on its historical price trends and technical indicators. Martinez is convinced that SOL could climb above $1,000 in value.

This conviction is grounded in the similarities seen in the current rise of this cryptocurrency to the pattern seen in 2021, which led to a significant jump. In 2021, SOL saw a major and impressive rise, starting at $22.14 and hitting a high of $260.

https://twitter.com/ali_charts/status/1816762346527666567

Martinez's analysis suggests that Solana is behaving like it did before 2021, as it's breaking out of a bullish wedge flag formation. Solana has recently broken through a bullish wedge flag formation and is showing signs of gathering strength, suggesting a rise is on the horizon.

Martinez believes that Solana's next target will be over $1,300, showing a significant increase of 717.28% from its current price. Solana has shown outstanding performance during the period of intense market growth, achieving a surge of 1,184% and a peak of $209.90 in March 2024.

Even though the cryptocurrency has been trading within a range without major shifts in the broader cryptocurrency market, recent trends suggest it's regaining its upward trend. This has led many analysts to predict a potential upward breakout.