Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Solana’s 17% weekly surge could see its price rise to $4000
ALTCOIN NEWS

Solana’s 17% weekly surge could see its price rise to $4000

By Crypto FlexsJanuary 4, 20253 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana’s 17% weekly surge could see its price rise to 00
Share
Facebook Twitter LinkedIn Pinterest Email
  • SOL has surged 17.56% over the past week, with one analyst predicting it will rise to $4000.
  • Solana whales have accumulated millions of dollars worth of SOL tokens.

Over the past four days, Solana (SOL) has recorded a strong rise on the charts. During this period, the altcoin broke the $200 resistance. In fact, SOL rose from a low of $187 on the chart to a high of $219.

At the time of writing, Solana was trading at $216. This represents an increase of 4.35% on the daily chart. This represents a weekly rise of 17.56% for the altcoin.

Needless to say, this price increase has the Solana community anticipating a massive rally. For example, according to renowned cryptocurrency analyst Ali Martinez, a potential rally to $4,000 is currently possible, with Ali citing a cup-and-handle pattern on the charts.

Can Solana rise to $4000?

In his analysis, Martinez assumed that Solana is likely to form a cup-and-handle pattern and could reach a high of $4,000.

Source: Ali on X

When a cup and handle pattern forms, it means buyers are taking back control after consolidating for a while and preparing for a breakout.

Typically, this pattern signals continued bullish momentum. Therefore, when this pattern finally forms, SOL could surge exponentially to future levels.

What does the SOL chart say?

The analysis shared by Ali seemed to offer promising prospects, but it is important to determine what other indicators may suggest. For example – AMBCrypto’s analysis shows that Solana is showing strong upward momentum amidst increasing buying pressure.

Source: SpotOnChain

We are seeing an increase in purchasing activity from both retailers and whales. As such, the whales have been actively accumulating SOL over the past few days. In fact, one whale withdrew 132,300 SOL tokens worth $28.31 million from Binance.

When whales start accumulating, it is a sign of bullish sentiment as we expect the price to move higher on the chart.

Source: Coinglass

Additionally, market strength may be further evidenced by the increasing number of accounts taking long positions.

In fact, 72% of Binance’s SOL long/short accounts were found to have taken long positions. A dominant buying trend means that more traders are optimistic and expect the price to rise.

Source: Santiment

Lastly, positive DyDx funding rates may further support greater demand for long positions. A positive DyDx funding ratio suggests market strength as investors are willing to pay premium fees and hold positions during market downturns.

In short, Solana is currently feeling strong optimism from retailers and whales. These favorable market conditions may allow SOL to gain more profits on the price chart. Therefore, if the prevailing sentiment holds, SOL will attempt the $228 resistance level. And a breakout here would strengthen the altcoin towards $245.

However, when sellers re-enter the market, Solana falls to $194. Therefore, it is unreasonable for it to rise to $4,000 in the short term.

Next: Price of SUI reaches new ATH to overthrow LINK, TON, XLM and SHIB. – What’s next?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRON: Inversion in the future? -TRX trader will have to see the following next time.

June 2, 2025

Traders change their strategies in tariff confusion

June 2, 2025

Bitcoin is rebounded to more than $ 104,300 as tariff chaos causes almost $ 1B of liquidation.

June 2, 2025
Add A Comment

Comments are closed.

Recent Posts

Stablecoin’s market cap surpasses $ 250 billion, accelerating regulatory momentum.

June 2, 2025

NVIDIA Rapids improve machine learning with zero code acceleration and performance gain.

June 2, 2025

Bitcoin Bear Rishi reached $ 97,000

June 2, 2025

TEZOS unveils uranium token shoes in consensus 2025.

June 2, 2025

Hong Kong monetary authorities surprise the public about fake accounts.

June 2, 2025

TRON: Inversion in the future? -TRX trader will have to see the following next time.

June 2, 2025

Rooster Run Slot is an obstacle course with the theme of poultry during the crash!

June 2, 2025

WES Cockx uses Redshift to explore bold 3D art in the render network.

June 2, 2025

Traders change their strategies in tariff confusion

June 2, 2025

How smart EOA finances your wallet experience

June 2, 2025

Actual assets thrive in BNB chains as the ecosystem increases.

June 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Stablecoin’s market cap surpasses $ 250 billion, accelerating regulatory momentum.

June 2, 2025

NVIDIA Rapids improve machine learning with zero code acceleration and performance gain.

June 2, 2025

Bitcoin Bear Rishi reached $ 97,000

June 2, 2025
Most Popular

Karma3 Labs has raised a $4.5 million seed round led by Galaxy and IDEO CoLab to build OpenRank, a decentralized reputation protocol.

March 2, 2024

iRA Blocks unveils its vision to democratize real-world asset investing

June 24, 2024

Binance Launches FIL and ETH Simple Earn Products with Up to 799 USDC Rewards

September 21, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.