news 
Solana (SOL) Can Soar by 40% But Under This Critical Condition (Analyst)
The cryptocurrency market has been in a state of turmoil over the past few days, with many assets experiencing drastic price swings. Solana (SOL) was no exception, plummeting below $100 for the first time since February 2024 before briefly surpassing $110 and then retreating to its current value around $107.
In an unexpected turn of events, renowned analyst Ali Martinez has raised the possibility of a significant price increase for SOL. According to his analysis, the TD Sequential indicator has flashed a buy signal on Solana’s weekly chart, suggesting that a potential rally could be imminent.
Martinez believes that if SOL can stay above $95 and surpass $121, it may lead to an impressive 40% surge in value, potentially reaching as high as $147. This prediction is sure to have many investors rubbing their hands together in anticipation.
However, not everyone shares Martinez’s optimism. Other market observers are cautioning against complacency, suggesting that SOL could plummet even further, possibly falling as low as $80 before experiencing a rebound. One such analyst, Alex RTB, seems entirely unfazed by the possibility of a pullback, preparing to enter the Solana ecosystem at these levels and potentially reap significant returns.
In an astonishing statement, Crypto_Jobs suggests that the asset may find its “key bottom level” even lower than previously thought, as low as $68-$70. This development is likely to have many investors scrambling for cover.
As the dust settles on this tumultuous period in the market, one thing is certain: the cryptocurrency landscape will continue to be marked by extreme volatility and uncertainty. The question now is whether SOL can recover and push towards a potential 40% gain or if it will continue its downward trajectory.
Source: https://cryptopotato.com/solana-sol-can-soar-by-40-but-under-this-critical-condition-analyst/
