Solana Price Prediction: Analyst Calls for $2,700 SOL – But Only If This Crucial Level Holds
2025-07-14 21:51:26
Main Idea
Analyst predicts Solana (SOL) could reach $2,700 if it maintains above $170, with potential catalysts including SOL ETF approvals and market trends.
Key Points
1. Solana's price has risen by 3% in 24 hours, 12% in the past week, and 104% over the past year, currently trading at $166.
2. Analyst Ali Martinez suggests SOL could break out towards $2,000 if it closes above $170 this week, citing a cup-and-handle pattern on the weekly chart.
3. Bloomberg analysts give SOL ETFs a 95% chance of approval, which could further boost Solana's price.
4. Solana's relative strength index (RSI) has risen beyond 60, indicating potential for further upward momentum.
5. The article also mentions Snorter (SNORT), a meme token that raised $1.8 million in presale, as an alternative investment.
Description
The Solana price has risen by 3% in the past 24 hours, with its move to $166 coming as Bitcoin reaches a new all-time high of $122,838 today. SOL is now up by 12% in the past week and by 16.5% in the last 30 days, while also posting a very healthy 104% increase in the past year. Yet with the market only just beginning to heat up again after several quiet months, some analysts are now predicting that Solana may be on course for a charge towards $2,000 and higher. This may be a best-case scenario,...
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