Feeling 'Lonely', Solana? Analyst Predicts 'Ethereum Killer' To Soar Over 450%, Reaching All-Time High Of $360 By 2025
Portfolio Pulse from Mehab Qureshi
A crypto analyst, Inmortal, predicts that Solana (SOL) could reach an all-time high of $360 by 2025, a 462% increase from its current price. SOL is currently trading at $64.81, up over 4% in the last 24 hours. Another analyst, Ali, warns of a potential price correction for Solana, with a sell signal on the weekly chart and an overbought RSI. Ali suggests that SOL needs to close above $68.4 to avoid a bearish trend and could target $108. Cathie Wood of ARK Invest praised Solana for being faster and more cost-effective than Ethereum.
December 06, 2023 | 5:41 am
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Analyst Inmortal predicts a significant rise in Solana's price to $360 by 2025, while analyst Ali warns of a potential short-term correction with a sell signal and overbought RSI.
The prediction of a significant price increase for Solana by 2025 could lead to increased investor interest and a potential rise in its price in the short term. However, the warning of a potential correction by another analyst adds uncertainty, suggesting a cautious approach. The importance is high due to the potential for a 462% increase, but confidence is moderated by the conflicting analysis and the inherent volatility of cryptocurrency markets.
CONFIDENCE 70
IMPORTANCE 90
RELEVANCE 100