A generally followed crypto analyst believes that Layer-1 platform Solana (SOL) is able to see an almost 2x rise.
Crypto trader Ali Martinez tells His 124,300 followers on the social media platform X that Solana seems to act in an upendable channel – a pattern that suggests that an active is in an upward trend.
According to Martinez, Solana seems to keep the diagonal support of the pattern, indicating that an increase in the upper end of the canal is on the table.
“Solana Sol is testing an important level of support at the lower limit of this parallel channel. Holding above can reinforce the upward trend, so that a revival is fueled up to $ 387! “
At the time of writing, SOL will act for $ 201, which translates into a profit of more than 92% if the actively touches the target price.
Looking at the activities on Solana chains, Martinez notes that the network sees strong acceptance.
“The Solana Sol network is expanding at a strong pace, with more than 5 million new addresses created per day!”
As far as Bitcoin is concerned, Martinez says that in the last seven days more than $ 6.794 billion has been achieved from BTC from Crypto fairs.
“More than 70,000 Bitcoin BTC have been withdrawn from fairs last week, which indicates trust in the long term!”
At the time of writing, Bitcoin acts for $ 96,932.
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