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Analyst Predicts Solana Rise To $1,400 As Similarities With July 2021 Emerge

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Analyst Predicts Solana Rise To $1,400 As Similarities With July 2021 Emerge - NewsBTC

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Based on his analysis, Solana (SOL) could rise above $1,000 if it mirrors its move from 2021.  Solana Could Rise To As High As $1,400 Related Reading: Solana Set For 900% Rally With Breakout From This Pattern — Analyst Martinez predicted that Solana could rise to as high as $1,400, revealing that Solana is looking "a lot like July 2021.” July 2021 was when SOL began its parabolic run in the last market cycle, going from about $30 to its current all-time high (ATH) of $260 in November 2021.  Based on the chart Martinez shared, Solana is again at that breakout point where it could enjoy a massive rally and rise by over 700% to $1,400.

It is worth mentioning that Solana is currently outperforming Bitcoin and Ethereum in this market cycle, and crypto analysts like Borovik have raised the possibility of SOL flipping ETH.  Solana’s Price Target In The Short Term  Crypto analyst Rekt Capital recently suggested that Solana could rise to $202 soon enough.

He added that Solana will be able to revisit the $202 resistance level over time if it can continue to hold $180 as its new support.  Rekt Capital previously mentioned that a successful retest of the $180 price level as new support for Solana could enable a trend continuation to the upside.


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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

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Published On: 2024-07-27 @ 14:00:43 (14 hours ago)

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Copyright Owner: © NewsBTC

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