Ali Martinez: Solana to rise to $ 387 if it holds key support level

Analyst Ali Martinez predicts that the price of Solana SOL $173.05 Solana 0.21% Market capitalization $84.58 billion VOL. 24 hours $0.46 billion could almost double, reaching $ 387. Currently, the coin is trading at $ 201, so the crypto expert’s forecast means a potential growth of 92%.

According to the analyst, SOL is moving in an upward channel and is testing a key support level. If it holds it, it could become a catalyst for a new growth momentum.

In addition, Solana is actively expanding its network — more than 5 million new addresses are created daily. This indicates growing demand and an increase in the number of users.

Martinez also notes that over the past week, more than $ 6.79 billion in Bitcoin (BTC) has been withdrawn from exchanges, which may signal long-term investor confidence in the cryptocurrency market. At the time of writing, BTC is trading at $ 96,932.

Earlier, VanEck analysts predicted Solana’s price at $ 520 by the end of 2025. The optimistic forecast is based on the expected expansion of the smart contract platform market, which is closely linked to the increase in the M2 money supply in the United States. Experts estimate that by the end of 2025, M2 will reach $ 22.3 trillion, which will lead to a 43% increase in the market capitalization of smart contract platforms — from the current $ 770 billion to $ 1.1 trillion.