Solana Poised for Big Gains as Analyst Spots Bullish Pattern

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Cryptodnes2025/02/11 10:44

By:Cryptodnes

A crypto analyst with a strong following suggests that Solana (SOL) could nearly double in value based on its current market pattern.

According to trader Ali Martinez, SOL is moving within an ascending channel, a formation that typically indicates upward momentum.

Martinez points out that Solana is maintaining support along the lower boundary of this pattern, which could pave the way for a rise toward $387. With SOL currently trading at $201, this would represent a potential 92% increase.

Beyond price action, Martinez highlights Solana’s strong network activity, noting that over 5 million new addresses are being created daily—a sign of increasing adoption.

Bitcoin’s Final Surge? Economist Predicts Massive Crypto Rally

Shifting focus to Bitcoin, Martinez observes that more than $6.79 billion worth of BTC, or roughly 70,000 coins, have been withdrawn from exchanges in the past week. This trend often signals growing confidence among long-term holders.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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