Crypto Analyst Identifies Bull Flag That Could Send Solana Price To $1,400
16 Ottobre 2024 - 2:30AM
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Among the various altcoins in the market, the Solana price has been
performing relatively well, experiencing slight price surges here
and there. Based on a crypto analyst’s prediction, Solana could be
creating up for a major bull flag that could send its price to new
all-time highs above $1,000. It’s important to note that Solana is
currently trading at less than one-ninth of this projected price
target of $1,400. SOL Bull Flag Points To $1,400 Price Increase A
crypto analyst on X (formerly Twitter) identified as ‘Titan of
Crypto,’ has shared a bullish forecast for Solana, predicting its
rise to astronomical highs. The analyst predicted that Solana could
see its price jump to $1,400 soon. Related Reading: Over $182
Million Wiped Out As Bitcoin Price Breaks $64,000 And Sends Bears
To The Gallows In a comprehensive chart analysis of Solana’s price
movements from 2023 till date, the analyst identified a
well-defined bull flag pattern, which he described as “massive.”
According to Titan of Crypto, the formation of this bull flag
signals the potential for a major rally in the coming weeks and
months. In the Solana price chart, the analyst traced the unique
flag pattern, which began forming before October 2024. He extended
the pattern into 2025, emphasizing that the flag would likely
emerge around the end of 2024 or the beginning of the next year,
before continuing its development through to October 2025. If
SOL can successfully complete this pattern without experiencing
significant price declines, the crypto analyst expects the top
altcoin to reach new all-time highs at $1,429 by 2026. However, a
more conservative price projection was given by another crypto
analyst, who suggested that a $1,000 price surge based on the Heads
and Shoulders technical indicator was a more realistic price target
for Solana. Echoing this sentiment, Titan of Crypto disclosed that
Solana’s Fibonacci extensions currency suggests a potential move
towards the $1,400 price mark. While maintaining his bullish
outlook for SOL, the analyst acknowledged that a $1,000 price
target is also possible. He adjusted his previous forecast, stating
that he expects Solana to see a price increase around the $1,000
range. Titan of Crypto has also confirmed that if Solana can
pull off this projected price surge, its current market
capitalization of $72.7 billion could potentially double,
surpassing Ethereum’s market cap, which currently stands at $315
billion. Related Reading: Crypto Analyst Predicts ‘Giga Pump’
For XRP Price, Here’s The Target Solana Price Fundamentals Remain
Strong While analysts expect Solana to experience a bullish move
soon, the cryptocurrency has also been showcasing strong price
fundamentals amidst market volatility and previous declines in the
Bitcoin (BTC) price. The price of Solana is currently trading
at $154.92, marking an 8.59% increase over the past week. The
popular altcoin has already experienced another 1.75% price surge
in the last 24 hours, underscoring investors’ positive outlook and
sentiment for Solana. Featured image created with Dall.E,
chart from Tradingview.com
Grafico Azioni Solana (COIN:SOLUSD)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni Solana (COIN:SOLUSD)
Storico
Da Nov 2023 a Nov 2024