{"id":631117,"date":"2024-07-23T13:30:20","date_gmt":"2024-07-23T13:30:20","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=631117"},"modified":"2024-07-23T12:04:55","modified_gmt":"2024-07-23T12:04:55","slug":"solana-surge-1000-to-1800","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/solana\/solana-surge-1000-to-1800\/","title":{"rendered":"Analyst Says Solana Price Will Surge 1,000% To $1,800, Here\u2019s When"},"content":{"rendered":"

A crypto analyst has predicted that <\/span>Solana (SOL) <\/span><\/a>is set to rally by 1,000% this bullish cycle. According to his analysis, SOL is preparing for a mega surge to new all time highs of $1,800.<\/span><\/p>\n

Solana Sets Sight On $1,800 Price Increase<\/h2>\n

In a recent X (formerly Twitter) <\/span>post<\/span><\/a>, Ali Martinez, a prominent cryptocurrency analyst, expressed bullish sentiment regarding <\/span>Solana\u2019s future price outlook<\/span><\/a>. According to Martinez, Solana is poised for a significant price surge, potentially reaching an impressive $1,000, marking new all-time highs.<\/span><\/p>\n

Related Reading: Here\u2019s Why The Bitcoin Price Crashed Below $66,000, Taking Shiba Inu And Dogecoin With It<\/a><\/div>\n

The crypto analyst\u2019s optimistic forecast for Solana is rooted in the <\/span>cryptocurrency\u2019s recent price movements<\/span><\/a>. Sharing a price chart illustrating SOL\u2019s price action from late 2023 to the end of 2024, Martinez predicted a maximum <\/span>bullish surge<\/span><\/a> to $1,800 for the altcoin.\u00a0<\/span><\/p>\n

\"Solana\"
Source: X<\/figcaption><\/figure>\n

The analyst also based his bullish projections on early signs of an identified technical bull pennant pattern in Solana\u2019s price chart. A <\/span>bull pennant<\/span><\/a> is a continuation pattern that often signals the extension of continuation of an upward trend after a period of consolidation. For Solana, this unique pattern suggests that SOL may be gearing up for a <\/span>substantial bullish breakout<\/span><\/a> this year.\u00a0<\/span><\/p>\n

In accordance with his analysis, Martinez foresees Solana experiencing a whopping 900% rally by the end of 2024. This price surge would signal a <\/span>major milestone for the cryptocurrency<\/span><\/a>, considering Solana has only been able to rise as high as $259.96 in 2021.\u00a0<\/span><\/p>\n

While Martinez has maintained a bullish stance on Solana\u2019s price outlook, the analyst also cautioned that his projected surge will not happen instantly. He disclosed that the flagpole for the bull pennant pattern took about 184 days to form, during which Solana climbed from an initial price of $11 to $192.\u00a0<\/span><\/p>\n

Given this gradual price progression, Martinez revealed that there will be multiple corrections or temporary <\/span>price dips for SOL<\/span><\/a> along its path to its $1,000 price target. One of the said corrections is expected at the breakout point of $167, suggesting that Solana may drop to this level before it can reach new highs. After this slight correction, SOL is expected to continue on a bullish upward trajectory, <\/span>potentially reaching $1,000<\/span><\/a> in due time.\u00a0<\/span><\/p>\n

SOL Price Analysis<\/h2>\n

Solana<\/span> has been on a bullish trend over the past month, steadily approaching the $200 price mark. The cryptocurrency has witnessed substantial gains, recording an increase of approximately 14.71% in the last seven days, according to CoinMarketCap.<\/span><\/p>\n

Related Reading: Will Bitcoin Reach A New All-Time High? Crypto Analyst Reveals Why $90,000 Is Possible<\/a><\/div>\n

At the time of writing, SOL price is trading at $177.56, underscoring the cryptocurrency\u2019s strong fundamentals amidst market volatility. In a more recent <\/span>X post<\/span><\/a>, Martinez disclosed that <\/span>Solana\u2019s TD sequential<\/span><\/a> is now presenting a buy signal on the hourly chart. According to the indicator, this suggests that it might be a good time to purchase Solana, as the price is expected to increase soon.\u00a0<\/span><\/p>\n

\"Solana
SOL price still holding $170 | Source: SOLUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

A crypto analyst has predicted that Solana (SOL) is set to rally by 1,000% this bullish cycle. According to his analysis, SOL is preparing for a mega surge to new all time highs of $1,800. Solana Sets Sight On $1,800 Price Increase In a recent X (formerly Twitter) post, Ali Martinez, a prominent cryptocurrency analyst, expressed bullish sentiment regarding Solana\u2019s future price outlook. According to Martinez, Solana is poised for a significant price surge, potentially reaching an impressive $1,000, marking new all-time highs. Related Reading: Here\u2019s Why The Bitcoin Price Crashed Below $66,000, Taking Shiba Inu And Dogecoin With It The crypto analyst\u2019s optimistic forecast for Solana is rooted in the cryptocurrency\u2019s recent price movements. Sharing a price chart illustrating SOL\u2019s price action from late 2023 to the end of 2024, Martinez predicted a maximum bullish surge to $1,800 for the altcoin.\u00a0 The analyst also based his bullish projections on early signs of an identified technical bull pennant pattern in Solana\u2019s price chart. A bull pennant is a continuation pattern that often signals the extension of continuation of an upward trend after a period of consolidation. For Solana, this unique pattern suggests that SOL may be gearing up for a substantial bullish breakout this year.\u00a0 In accordance with his analysis, Martinez foresees Solana experiencing a whopping 900% rally by the end of 2024. This price surge would signal a major milestone for the cryptocurrency, considering Solana has only been able to rise as high as $259.96 in 2021.\u00a0 While Martinez has maintained a bullish stance on Solana\u2019s price outlook, the analyst also cautioned that his projected surge will not happen instantly. He disclosed that the flagpole for the bull pennant pattern took about 184 days to form, during which Solana climbed from an initial price of $11 to $192.\u00a0 Given this gradual price progression, Martinez revealed that there will be multiple corrections or temporary price dips for SOL along its path to its $1,000 price target. One of the said corrections is expected at the breakout point of $167, suggesting that Solana may drop to this level before it can reach new highs. After this slight correction, SOL is expected to continue on a bullish upward trajectory, potentially reaching $1,000 in due time.\u00a0 SOL Price Analysis Solana has been on a bullish trend over the past month, steadily approaching the $200 price mark. The cryptocurrency has witnessed substantial gains, recording an increase of approximately 14.71% in the last seven days, according to CoinMarketCap. Related Reading: Will Bitcoin Reach A New All-Time High? Crypto Analyst Reveals Why $90,000 Is Possible At the time of writing, SOL price is trading at $177.56, underscoring the cryptocurrency\u2019s strong fundamentals amidst market volatility. In a more recent X post, Martinez disclosed that Solana\u2019s TD sequential is now presenting a buy signal on the hourly chart. According to the indicator, this suggests that it might be a good time to purchase Solana, as the price is expected to increase soon.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":631132,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84543],"tags":[167,6664,26263,14690,12837,89406,86420,83626,89405,85361,86410,83627],"class_list":["post-631117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-sol","tag-sol-news","tag-sol-price","tag-solana","tag-solana-news","tag-solana-price","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\nAnalyst Says Solana Price Will Surge 1,000% To $1,800, Here\u2019s When<\/title>\n<meta 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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