Solana (SOL) could repeat history with a 70% advantage, leading analysts predict

Solana (SOL) could repeat history with a 70% advantage, leading analysts predict

Prominent crypto analyst Ali Martinez has predicted a possible increase in the price of Solana (SOL), one of the most popular cryptocurrencies on the market right now. The analyst recently highlighted a significant development on Solana’s daily chart.

Prominent crypto analyst Ali Martinez has predicted a possible increase in the price of Solana (SOL), one of the most popular cryptocurrencies on the market right now. The analyst recently highlighted a significant development on Solana’s daily chart.

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According to your perspective, the technical sell signal on the SOL chart has been rejected. This indicates an uptrend for Solana as the cryptocurrency managed to break the $198 resistance level. The advance suggests the possibility of a new increase in SOL price and may indicate the start of a new uptrend.

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Solana (SOL) 754% Increase in Rates Could Take It to ATH

Martínez drew parallels between the current situation and a similar event that occurred last December. At that time, the cancellation of a sell signal for SOL allowed the price to rise, leading to an impressive 70% increase before the next sell signal emerged. The analyst’s comparison suggests that history may repeat itself, providing hope for significant growth for Solana investors.

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Fountain: Ali Martinez

Over the past week, the price of Solana increased by 40%, exceeding $200 for the first time since November 2021. In this context, the capitalization of the Silicon Valley blockchain has grown to the 90 billion mark dollars, according to CoinMarketCap, which is currently among the top 200 companies in the world overall.

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Given Solana’s performance in recent weeks, investors and cryptocurrency enthusiasts are looking for potential opportunities in the market. Solana’s ability to resist sell signals and capitalize on similar events in the past indicates bullish momentum.

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