Market Cap: $2.7169T -1.520%
Volume(24h): $62.9595B 30.970%
  • Market Cap: $2.7169T -1.520%
  • Volume(24h): $62.9595B 30.970%
  • Fear & Greed Index:
  • Market Cap: $2.7169T -1.520%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$83925.137539 USD

-0.01%

ethereum
ethereum

$1909.579249 USD

-0.77%

tether
tether

$1.000225 USD

0.01%

xrp
xrp

$2.347363 USD

-2.44%

bnb
bnb

$601.851798 USD

0.82%

solana
solana

$133.471308 USD

0.18%

usd-coin
usd-coin

$0.999959 USD

-0.01%

cardano
cardano

$0.728600 USD

-1.60%

dogecoin
dogecoin

$0.172143 USD

-0.92%

tron
tron

$0.217830 USD

-1.39%

pi
pi

$1.490959 USD

2.73%

chainlink
chainlink

$13.966130 USD

0.50%

unus-sed-leo
unus-sed-leo

$9.822138 USD

2.30%

toncoin
toncoin

$3.414400 USD

16.50%

stellar
stellar

$0.269982 USD

-1.46%

Cryptocurrency News Articles

This Trader Makes a Shocking Solana (SOL) Price Prediction

Jan 19, 2025 at 12:15 am

The Solana price is up 30% this week, now trading around $242. This means that 2024's yearly high of around $257 is not far away now.

This Trader Makes a Shocking Solana (SOL) Price Prediction

A popular crypto analyst predicts that Solana (SOL) could rally by over 1,800% this year, reaching a price of $4,700.

The pseudonymous trader, known as Ali Martinez, points out a cup-and-handle pattern forming on SOL’s price chart. The pattern started taking shape with a peak in late 2021 or early 2022, followed by a decline and gradual recovery that formed the “cup” portion. A smaller consolidation period near the resistance level created the “handle,” completing this bullish reversal structure.

“Solana $SOL has broken out of a cup-and-handle pattern, signaling a potential upside target of $4,700!” Martinez said in a tweet.

A cup-and-handle pattern is a bullish technical formation that typically consists of three main components: a “cup,” a “handle,” and a breakout. The cup is a U-shaped price movement that resembles a drinking vessel. The handle is a smaller consolidation period that occurs at the resistance level of the cup. A breakout occurs when the price breaks above the handle resistance.

According to traditional technical analysis, the measured move for a cup-and-handle breakout typically equals the depth of the cup added to the breakout level. In SOL’s case, with the cup ranging from approximately $9 to $220, this projects a potential target of around $4,700.

“Solana (SOL) is up over 30% this week, now trading around $242. This means that 2024’s yearly high of around $257 is not far away now,” the crypto analyst added.

“SOL price rally is showing no signs of slowing down just yet. In fact, one trader predicts that the second-largest layer-1 token could rally to new all-time highs in 2024.”

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Mar 17, 2025