Ali Martinez: Solana could rise to $ 4000

Cryptocurrency market analysts note that the price of Solana SOL $282.21 Solana 16.64% Market capitalization $137.34 billion VOL. 24 hours $6.17 billion could reach $ 4,000 if a technical analysis prediction based on the «cup and handle» pattern comes true. This pattern, which has been forming on the Solana market for more than two years, indicates a possible breakout that could lead to a 1700% increase in market capitalization and cryptocurrency price.

According to analyst Ali Martinez, this pattern began to form during the bear market in 2022. In December 2024, Solana is at the «handle» stage, when its price is adjusting after recently reaching an all-time high of $ 263. This correction may be a prerequisite for a further jump.

Technical analysis indicates that the next Fibonacci retracement levels could take Solana’s price to $ 4,000. At the time of writing, the price of the cryptocurrency is $ 230, and further steps will depend on whether it can gain a foothold above key support levels.

Earlier, Bitwise analysts noted that Solana is showing dynamic development due to its fast and cost-effective blockchain network. Experts expect that the crypto asset will play an important role in the NFT and Web3 industries, which will contribute to its value growth.