Analyst Says Solana Offering Final Chance Before Exploding to New All-Time High, Maps Path Forward for Four Other Ethereum Rivals
Cryptocurrency trader and analyst Ali Martinez believes that Solana (SOL) may be on the verge of an explosive breakout to a new all-time high. Martinez tells his 146,400 followers on X that the top Ethereum (ETH) rival is on the brink of a strong impulse to the upside. The analyst says that SOL is forming an ascending triangle on the 12-hour time frame, a bullish formation that’s confirmed when the price breaches the upper horizontal trend line. He also uses Fibonacci extension levels to suggest SOL may increase more than 92% from its current level. Traders use the Fibonacci extension tool to identify potential entry and exit levels for an asset based on the Fibonacci ratio. “Solana may offer a final buy-the-dip chance before targeting $360!” Source: Ali Martinez/X SOL is trading for $187 at time of writing, down 4.3% in the last 24 hours. Next up, the says that the layer-1 blockchain Avalanche (AVAX) may see a more than 56% increase from it...