Martinez predicted that Solana could rise to $1,400, noting that Solana is "very similar to July 2021"; SOL began its parabolic rise in the last market cycle in July 2021, when it went from around $30 to its current all-time high (ATH) in November 2021 ) to $260.
the chart provided by Martinez, #Solana is once again at a breakout point where a strong rally and more than 700 percent upside to $1,400 could occur. Interestingly, the analyst predicts that #SOL could reach this price point as early as November. However, it should be noted that SOL experienced a parabolic rally only in 2021, i. e. a year after it fell by half in this market cycle.
This way, Solana will be able to achieve similar successes only at later stages of the bull cycle. No matter what happens, Martinez is confident that SOL will rise above $1,000. He previously stated that early signs of a bullish pennant breakout point to a potential 900 percent upside when Solana rises above $BTC the analyst also referenced a recent CoinGecko poll that showed that only 10.6 percent believe Solana can rise above $1,000. Based on his predictions, Mr. Martinez noted that he would "bet the house" on Solana reaching that milestone.
Solana definitely boasts bullish prospects, and it's no surprise that analysts like Martinez are confident that this crypto-token can reach such heights; SOL continues to gain momentum, recently overtaking BNB as the fourth largest crypto-token by market capitalization.
It's worth noting that Solana is currently outperforming #BTC and #BTC in this market cycle, and crypto analysts like Borovik point to SOL's potential to flip #BTC .
crypto analyst Rekt Capital recently suggested that Solana could rise to $202 in the near future. This follows his recent analysis, in which he noted that SOL seems to have successfully tested the $180 support level. He added that if Solana continues to hold the $180 level as new support, it could eventually move back to the $ 202 resistance level.
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