Rally

2024

Solana

Coin

<ul class="news-points">
 <li><strong>Ali Martinez predicts Solana will rally above $1,000 soon.</strong></li>
 <li><strong>The analyst spotted a bullish wedge flag breakout on the Solana chart.</strong></li>
 <li><strong>A similar breakout triggered a 717.17% SOL rally in 2021</strong></li>
</ul>
<p>With the crypto market rebound, Solana’s native token, SOL, is gaining attention for its price surge. Crypto analyst Ali Martinez has added fuel to this optimism, predicting a significant rally based on technical patterns and historical data.</p>
<p>The analyst predicts SOL could soon rally above $1,000. Martinez based his prediction on SOL’s historical price behavior, citing similarities between the altcoin’s recent trend and the 2021 pattern that led to an impressive surge.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Solana</a> is looking a lot like July 2021… $1,000 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> coming soon! <a href="https://t.co/J0Yx5npfiS" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/J0Yx5npfiS</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1816762346527666567?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>In 2021, SOL experienced a remarkable rally shortly after the protocol’s launch, surging from a low of $22.14 to an all-time high of $260, representing a 1,100% increase over four months.</p>
<p>Martinez’s analysis highlights that Solana appears to be repeating its pre-2021 rally behavior by breaking out of a bullish wedge flag pattern. In 2021, SOL broke out of a similar pattern aft…</p>
<p>The post <a href="https://coinedition.com/could-solana-reach-1000-crypto-analyst-sees-parallels-to-2021-rally/" rel="noopener noreferrer nofollow">Could Solana Reach $1,000? Crypto Analyst Sees Parallels to 2021 Rally</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Could Solana Reach $1,000? Crypto Analyst Sees Parallels to 2021 Rally

Coin Edition

Other articles published on Jul 26, 2024

Analyst Predicts Significant Potential for Dogecoin

WazirX exchange launches two bounty programs for recovering stolen assets

PIXFI Token Price Prediction: Is This the Big Turning Point?

Shiba Inu Burn Surges as DOGE and SHIB Whale Transactions Soar: Report

Rho Markets Hit by $7.5M Hack, Attackers Demand Admission of Oracle Error for Fund Return

Trump’s Announcements Impact Crypto Prices

Join our free newsletter for daily crypto updates!