CandleFocus Solana Could Witness 92% Upswing As SOL Sees 5,000,000 New Addresses Created Daily, According to Analyst
2025-02-11
Author: Content Editor
According to crypto analyst Ali Martinez, Solana (SOL) is poised for a nearly 2x surge as it appears to be trading in an ascending channel pattern. Martinez believes that Solana may rise to $387 if it holds above key support. Additionally, Solana's on-chain activities show strong adoption, with over 5 million new addresses created daily. On the other hand, Bitcoin has seen over $6.794 billion worth of BTC withdrawn from exchanges in the past week, indicating long-term confidence.
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