Could Solana Trigger a Bull Run? Veteran Analyst Predicts Significant Price Surge

Solana (SOL), the cryptocurrency that experienced a dramatic comeback after the FTX collapse, has stalled around $150 following a recent surge. A veteran analyst now predicts this altcoin could witness an explosive price rally, potentially reaching up to $4,500. 💰 📈 🔮 Ali Martinez, known for his astute analysis on social media, suggests Solana’s bullish trajectory is fueled by the growing DeFi landscape and increased institutional interest. 💼 🌱 🏛️ 🧠 He based his prediction on a cup-handle pattern observed on Solana’s price chart, which could signify a significant price surge to $4,500. 📈 However, for this prediction to become reality, Solana needs to break through the resistance line at the handle and close above it on the weekly chart. Notably, this prediction does not come with any set timeline. 🤔 While some analysts are skeptical about Solana’s immediate price rise, pointing to negative funding rates, declining social volumes, and a slump in memecoin activity, they believe Solana is likely to experience a consolidation phase before taking off. 📉 Despite the recent dip of 2.7% over the last 24 hours, SOL continues to trade at $148. 💰 This piece isn’t intended as financial advice.