Analyst Predicts Solana Rise To $1,400 As Similarities With July 2021 Emerge
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Crypto analyst Ali Martinez has drawn parallels between Solana’s current price action and its 2021 bull run. He forecasts that Solana (SOL) could rise above $1,000, potentially reaching up to $1,400, reminiscent of its parabolic run in July 2021 when it went from $30 to its ATH of $260. Martinez suggests that Solana is at a crucial breakout point, capable of experiencing a 700% rally by November. However, he notes that like in 2021, Solana's significant rise may occur later in the bull market cycle. Despite varying opinions, Martinez is confident that SOL will surpass $1,000. Complementing this outlook, analyst Rekt Capital posits that Solana could reach $202 in the short term, contingent on maintaining the $180 support level. Solana has surged by over 4% in the last 24 hours, and its bullish trajectory has seen it outperform major cryptocurrencies like Bitcoin and Ethereum, even becoming the fourth-largest crypto by market cap.
Source: www.newsbtc.com ↗
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