Ali Martinez predicts a new historical high for Solana

Despite the uncertainty in the financial market, leading analysts remain optimistic about the prospects for the Solana virtual coin SOL $176.34 Binance-Peg SOL 2.16% Market capitalization $0.19 billion VOL. 24 hours $0.58 billion . Ali Martinez, a well-known trader, said that the price of Anatoly Yakovenko’s native blockchain cryptocurrency broke out of the cup-and-handle pattern, opening a medium-term target of at least $ 1315, which coincides with the Fibonacci level of 1.414 for this asset.

Solana is already up almost 10% from its August 2 lows and is trading at $ 171. The growth was spurred by the news that President Donald Trump signed an executive order allowing 401(k) pension plans to invest in cryptocurrencies. Market participants hope that SOL will be able to overcome resistance at $ 180, which will confirm further growth amid the overall bullish trend.

Nevertheless, experts warn against impulsive purchases of Solana at current levels and advise waiting for clear signals of stability. According to the expert, the nearest strong resistance zones for Solana are $ 177, $ 189, and eventually $ 200. After breaking the $ 200 mark, there will be virtually no significant obstacles to the price, which could open the way to historical highs.

At the same time, Solana is considered an attractive investment amid the expected approval of a spot ETF on SOL this year. Nevertheless, new Glassnode data confirms that Ethereum ETH $3,895.78 Bridged Ether (StarkGate) 1.44% Market capitalization $0.1 billion VOL. 24 hours $2.2 billion continues to outpace Solana in terms of growth: ETH’s capitalization increased from 5.32% to 6.41%, while Solana’s realized capitalization growth rate fell to 4.84%. Experts emphasize that, given the institutional demand, the expanding use of stablecoins and tokenization, Ethereum remains the leader of the altcoin rally.