Solana sets sights on 1000 as an attainable goal this cycle
Solana (SOL), like many other cryptocurrencies, has been experiencing a downturn lately. However, an esteemed crypto analyst believes that there is a possibility for its price to skyrocket to $1,000 or even beyond in the coming months.
According to Trader Tardigrade, a popular crypto trading expert, the current “cup with handle” chart pattern suggests a bullish continuation for Solana, making $1,000 an achievable target in this cycle. The analysis indicates that Solana, currently the fifth-largest asset in the crypto market by market capitalization, could start its upward trajectory in late summer and potentially surpass the $1,000 mark by the end of 2025.
As of June 14, Solana is trading at $148.17, showing a 1.97% decrease in the last 24 hours and a 13.95% drop over the past seven days. Despite this short-term decline, it has managed to maintain a 2.18% gain on its monthly chart. Another prominent crypto expert, Ali Martinez, is optimistic about Solana’s future performance, pointing out a triangle formation with key support at $143 and resistance at $178. This formation could lead to a breakout soon, with Martinez predicting a 53% surge in the price of Solana.
With the potential for a significant price increase, now may be a prime opportunity to invest in Solana at a relatively low price. However, it is important to conduct thorough research as the crypto market can be unpredictable. Remember that investing in cryptocurrencies is speculative and carries risks to your capital.
