Even with an unsatisfactory performance in recent days, Solana (SOL) continues to be an asset that stands out in the market and has the confidence of investors given its potential price explosion amid its continued growth this year. A recent analysis revealed that Solana’s price could skyrocket above $1,000 in a few months.
According to the analyst known as “Trader Tardigrade” on X, the $1,000 price level appears to be an “easy target” for the cryptocurrency during this cycle. The analysis, shared on June 13, was based on the current “cup with handle” chart pattern, which is suggesting an impressive rally for Solana.
“SOL to $1000 this cycle. It is an easy target with the current “CUP with HANDLE” chart pattern. Some high potential projects like Solchat would benefit from the increase in $SOL and the low transaction fee,” he wrote.
$SOL to $1000 in this cycle 🔥
It is an easy target with the current “CUP with HANDLE” chart pattern 🚀A certain high potential projects, like #SolChat would be benefit from the surge of $SOL and low transaction fee.
Since @XEng changes the features of @X to protect creators’… pic.twitter.com/G6tTsX17hC
— Trader Tardigrade (@TATrader_Alan) June 13, 2024
At the time of publication, the price of Solana was quoted at US$148.72, down 1.1% in the last 24 hours. In its weekly development, the cryptocurrency has shown a price retracement of 13.6% in the last seven days.
Solana set for rally higher than 50%, analyst predicts
Solana Bull Rally Soon? A renowned cryptocurrency analyst has revealed a prediction of a potential bullish rally for the Solana (SOL) cryptocurrency on the horizon. Expert Ali Martinez analyzed the price movement of SOL suggesting a breakout of more than 50% for the asset soon.
Martinez also highlighted a bullish forecast for the fifth largest cryptocurrency on the market, Solana. Analyst predicted Solana breakout is 53% soon.
“Solana is primed for a massive 53% price move! Keep an eye on the $143 support and $178 resistance levels to gauge $SOL’s trend direction,” Martinez noted.
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/analise-sugere-preco-do-solana-a-us-1-000-neste-ciclo-sendo-um-alvo-facil/
