CandleFocus Technical Patterns Confirm Solana Could Surge 1,734% to $4,000: Details
2024-12-11
Author: Content Editor
Crypto analyst Ali Martinez has identified a cup and handle pattern in Solana's chart, suggesting that the cryptocurrency could experience a significant breakout to $4,000. Despite recent price movements, Solana is down 8.5% over the past week. However, the cup and handle pattern on Solana's monthly chart points to a potential massive rally ahead. If Solana breaks out from its consolidation zone, the price could soar to targets of $670.43, $2,236.35, and even $4,000. The Bitwise investment team also predicts substantial advancements for Solana by 2025, with the price potentially reaching $750. On-chain data shows robust network participation and growing staking confidence in Solana.
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