Analyst Predicts Solana Price Rally to $2700 As SOL ETF Approval Odds Hit 99%
The post Analyst Predicts Solana Price Rally to $2700 As SOL ETF Approval Odds Hit 99% appeared on BitcoinEthereumNews.com. Solana price might be on the verge of a parabolic bull run to $2,700, according to a renowned market analyst who detected a breakout from a cup and handle pattern. The analyst’s bullish take comes as SOL continues to record gains alongside the broader crypto market. Cup and Handle Breakout May Push Solana Price to $2,700 In a recent X post, Ali Martinez noted that a 1,500% Solana rally to $2,700 is about to happen as a giant pattern that has been forming since 2022 makes a breakout. Per this analyst, this breakout was a signal that SOL was about to “melt faces” by outperforming the rest of the market. This cup and handle shows that the Solana price has just gone through a deep correction phase that started after the crash caused by the FTX collapse. This first stage of this correction phase ended in 2023 before the rally that pushed SOL to an all-time high price of $294 in January 2025 happened. However, as traders started to sell at the top, it led to a downward consolidation that eventually formed the pattern’s handle. Solana Price Chart (Source: Ali Charts) The downward consolidation is now ending as the price tests the resistance of the falling channel, which is a sign that a larger upward trend is on the verge of starting. The depth of this cup indicates that such a move could propel the SOL price to the 161.8% Fibonacci level of $2,700. However, before this bullish Solana price forecast plays out according to the analyst’s projections, there are multiple barriers that it needs to overcome, including the previous high of $294 and another resistance at $787. The other crucial resistance lies at the 141.4% Fibonacci level of $1,314. ETF Approval, Institutional Interest, Regulations May Drive SOL Rally While…
The post Analyst Predicts Solana Price Rally to $2700 As SOL ETF Approval Odds Hit 99% appeared on BitcoinEthereumNews.com.
Solana price might be on the verge of a parabolic bull run to $2,700, according to a renowned market analyst who detected a breakout from a cup and handle pattern. The analyst’s bullish take comes as SOL continues to record gains alongside the broader crypto market. Cup and Handle Breakout May Push Solana Price to $2,700 In a recent X post, Ali Martinez noted that a 1,500% Solana rally to $2,700 is about to happen as a giant pattern that has been forming since 2022 makes a breakout. Per this analyst, this breakout was a signal that SOL was about to “melt faces” by outperforming the rest of the market. This cup and handle shows that the Solana price has just gone through a deep correction phase that started after the crash caused by the FTX collapse. This first stage of this correction phase ended in 2023 before the rally that pushed SOL to an all-time high price of $294 in January 2025 happened. However, as traders started to sell at the top, it led to a downward consolidation that eventually formed the pattern’s handle. Solana Price Chart (Source: Ali Charts) The downward consolidation is now ending as the price tests the resistance of the falling channel, which is a sign that a larger upward trend is on the verge of starting. The depth of this cup indicates that such a move could propel the SOL price to the 161.8% Fibonacci level of $2,700. However, before this bullish Solana price forecast plays out according to the analyst’s projections, there are multiple barriers that it needs to overcome, including the previous high of $294 and another resistance at $787. The other crucial resistance lies at the 141.4% Fibonacci level of $1,314. ETF Approval, Institutional Interest, Regulations May Drive SOL Rally While…
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