Solana (SOL) recently showed a promising buy signal, which could be a good opportunity to add it to your portfolio. This news follows predictions by crypto experts, including Ali Martinez, who expect Solana’s price to rise significantly.
In an X post, Ali Martinez noted that the TD Sequential indicator on Solana’s daily chart has flashed a buy signal. This suggests that Solana might be set to bounce back from its current lower price range, potentially moving towards the middle or even the higher end of its price channel.
Meanwhile, Martinez cautioned that if Solana continues to close below the $126 mark, it could disrupt the current trading pattern and lead to a sharp decline. This might push the altcoin down to $110 or even as low as $90.
Solana predictions: What’s next for the Altcoin?
Martinez isn’t the only analyst predicting a price recovery for SOL. Additionally, Crypto expert The Moon believes it could rise to $155, depending on market conditions. However, he also warns that Solana might drop to around $112.5. If that happens, it could be a great chance for investors to buy more, as the altcoin might still hit a new all-time high in this market cycle.
Crypto analyst Crypto Kaleo has taken a rather bearish view on Solana, suggesting that the altcoin might fall to around $80 before it hits a new all-time high. Solana last dipped to the $80 mark in January, right before it surged past $100, a level it has held steady since then.
Moreover, Unknown Trader has shared a forecast similar to Crypto Kaleo’s, suggesting that $77 to $83 could be good levels for placing spot bids on Solana. Currently, Solana is trading at about $127, having dropped nearly 1% in the past 24 hours, according to CoinMarketCap.
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