Crypto analyst Ali Martinez predicts Solana （SOL） could rise to $1,400, drawing parallels with its 2021 bull run.
Points
- Solana’s price action resembles its 2021 bull run.
- Potential rise to $1,400 if history repeats.
- SOL currently outperforming Bitcoin and Ethereum.
Crypto analyst Ali Martinez has drawn parallels between Solana’s （SOL） current price action and its 2021 bull run. Based on this analysis, Solana could rise above $1,000, potentially reaching as high as $1,400 if it mirrors its move from 2021.
Solana Could Rise To As High As $1,400
Martinez predicts Solana could rise to as high as $1,400, revealing that Solana is looking “a lot like July 2021.” During its last parabolic run, SOL went from about $30 to its all-time high （ATH） of $260 in November 2021. Martinez believes SOL could achieve a similar rally, resulting in over 700% gains, potentially by November.
Short-Term Targets and Institutional Support
In the short term, crypto analyst Rekt Capital suggests Solana could rise to $202 soon, having successfully retested the $180 support level. A successful retest of this level could enable SOL to revisit the $202 resistance and potentially break out towards its ATH.
Institutional investors have shown strong support for Solana, with recent inflows and potential ETF approvals contributing to its bullish outlook. Solana has also flipped BNB to become the fourth-largest cryptocurrency by market cap.
Solana’s Price Target In The Short Term
At the time of writing, Solana is trading at around $184, up over 4% in the last 24 hours. This continued performance and institutional interest might push Solana beyond the $200 mark, further validating its bullish potential.