Solana Price Stays Within Ascending Channel — Is $387 Next?

Quick Summary:

After a relatively solid performance in January — which saw the altcoin reach $290, SOL started February with a deep correction beneath the $200 level.

However, the Solana price could be on its way to a new all-time high, as it continues to trade within an ascending channel on a larger timeframe.

Martinez put forward in his analysis a target of $387, which would represent an over 91% rally from the current price point.

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Article Details

Author / Journalist: Opeyemi Sule

Category: Crypto

Markets: Hungary

Topics: SOL Solana price Solana Solana SOL price Ali Martinez

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-09 @ 17:00:14 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 387 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26002400

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About Bitcoinist

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Official Website: bitcoinist.com

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