Cryptocurrency
Solana Price Analysis: Bullish Momentum Expected
Sunday. July 21 at 5:30 PM
1 min. readThe Solana price has surged above $170 in recent weeks, marking a positive trend in the market. A crypto analyst predicts a potential significant upward movement for Solana based on a bull pennant formation on the weekly chart. This pattern typically indicates a breakout movement following a consolidation period, mirroring the initial price movement. The analyst suggests a 900% rally for Solana, projecting a price above $1000 by early 2025. Currently priced at $173, Solana has seen a 3% increase in the last 24 hours and a 22% jump in the past week. With a market cap exceeding $80.8 billion, Solana ranks as the fifth-largest cryptocurrency. The chart signals a breakout imminent for Solana, following a consolidation phase since March, with a potential significant price surge in the near future.