Optimistic Forecast: Solana Could Rise by 1,800%, Technical Analysis Suggests
Solana (SOL), a decentralized finance (DeFi) cryptocurrency, has once again caught the eye with an optimistic forecast that is encouraging investors. Technical analysis suggests that Solana's value could rise by up to 1,800%.
In January, the cryptocurrency market became more optimistic, driven by possible regulations and political developments. This positive scenario helped in the analyses that point to a promising future for Solana.
Cryptocurrency analyst Ali Martinez highlighted a pattern called "cup and handle" on the Solana chart. This pattern indicates a period of consolidation followed by an increase, suggesting that SOL's value could rise to US$$ 4.700. This increase would represent a market value of US$$ 2.29 trillion for Solana, making it one of the main cryptocurrencies.
Source: PortalCripto
Solana (SOL), a decentralized finance (DeFi) cryptocurrency, has once again caught the eye with an optimistic forecast that is encouraging investors. Technical analysis suggests that Solana's value could rise by up to 1,800%.
In January, the cryptocurrency market became more optimistic, driven by possible regulations and political developments. This positive scenario helped in the analyses that point to a promising future for Solana.
Cryptocurrency analyst Ali Martinez highlighted a pattern called "cup and handle" on the Solana chart. This pattern indicates a period of consolidation followed by an increase, suggesting that SOL's value could rise to US$$ 4.700. This increase would represent a market value of US$$ 2.29 trillion for Solana, making it one of the main cryptocurrencies.
Source: PortalCripto
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SOL
133.56
-2.96%
