The analyst predicts a 900% increase in the Solana cryptocurrency
The situation around Solana (SOL) has again found itself in the center of attention of the expert community. According to authoritative analyst Ali Martinez, the Solana exchange rate could most likely increase by 900%, as a result of which the cost of the cryptocurrency will increase to $1630.
According to his forecasts, a bullish trend should be expected in the next few weeks, as a figure called a “bull pennant” has recently formed. It, as a rule, indicates that the asset rate should soon increase in trading. Ali Martinez notes that Solana's recent move above the pennant's upper trend line is a strong sign that prices will head higher.
However, despite such an optimistic forecast, the state of the asset at this moment is very ambiguous. Now SOL is trading at $180, having turned positive on the hourly, weekly and monthly charts. According to Coincheckup, Solana is currently selling 14% below the projected price. According to other forecasts, the price of Solana could increase by about 72% from the current price.
