Ali Martinez, a leading cryptocurrency analyst, says Solana is showing signs of strength. “early signs of a breakout from a bull pennant.” According to the pattern, SOL could reach $1000 by a 470% increase in market capital. According to the chart Martinez shared, SOL may reach the $1,000 target in 2024 or 2025.
Also Read: Solana ETF Hopes Drive Price as SOL Approaches $200
SOL experienced an impressive price increase over the last couple of days. The chart shows a 14.4% gain on the weekly graph, a 24.7% rise in the 14 day charts and a 31.3% jump over the prior month. Bitcoin (BTC), after reclaiming $66,000, may be responsible for the latest surge. BTC rallied after the assassination attempted on Donald Trump. This greatly improved his chances to win the US Presidential Race.
The SEC has approved spot Ethereum ETFs to be traded. This is another bullish event in the crypto space. ETFs begin trading tomorrow and this could spark a rally across the market.
What is the highest Solana can go by July 2024?
CoinCodex says that SOL is expected to continue trading at its current level for the rest the month. According to the platform, SOL will hit $178.43 in July 2024. To reach $178.43 at current levels, a 0.8% increase would be required.
Also Read: Solana Daily Wallet Count Spikes: How High Can SOL Trade This Week?
Changelly Also, Solana is forecasted to reach $178.53 by July 31st 2024. Changelly believes that SOL won’t reach $1,000 in 2024. SOL is predicted to reach $217.92 as the maximum price this year by Changelly.
Telegaon The platform is bullish about Solana, but doesn’t expect it to reach $1000 before 2030. SOL is predicted to reach $305.16 maximum in 2024. It will also hit $414.68 max next year.
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Source: watcher.guru
