The cryptocurrency market had a busy start to the new year. Solana (SOL) and another popular altcoin attracted the attention of analysts. This movement in the market offers new opportunities for investors. These two altcoins, especially those based on strong fundamental analysis, will be among the most ambitious assets of the year. So, are these two popular crypto assets really preparing for a big rally?
Cardano: Is $7 Target Realistic?
Crypto analyst Javon Marks made a rather bold prediction for Cardano . Marks suggested that the price of ADA will rise to $7. According to him, the basis of this prediction is the strong recovery that Cardano has shown in the past period. The analyst said:
ADA has the potential to rally to $2.77. If it breaks this level, a target of $7.8 is possible.
This prediction is based on Cardano’s performance in the previous bull cycle. Analyst Ali Martinez thinks ADA will reach $4 in a few weeks. Martinez said that this rise is reminiscent of the big rally in 2021, adding, “If Cardano continues this momentum, we could see a bigger jump in its price.”
Is a Strong Move Coming for Solana?
Solana stands out as another altcoin that has made a strong start to the new year . After a 33% drop last month, SOL has shown signs of recovery with a 6.25% increase in the last few days. Currently trading at $217.60, Solana has broken a critical resistance level.
Analysts predict that Solana could surge 22% to new all-time highs if it stays above $210. However, according to data provided by Coinglass , there is still selling pressure among long-term investors. It was reported that $201.69 million worth of SOL was withdrawn from exchanges in the last three days. This will cause a sudden sell-off in the market.
Prospects for Solana and Cardano
This movement in Cardano and Solana has created great excitement among investors. However, external factors should also be monitored carefully. In particular, concerns about the new health crisis in China will create volatility in the markets . It is important for investors to act more cautiously during this period.
Cardano is likely to reach $7, while Solana is likely to reach new heights. However, how sustainable this rise will be will depend on the market’s movement in the coming days. As we reported at Kriptokoin.com, it is critical for investors to closely follow market data and develop careful strategies during this process. The crypto world has made a rapid entrance into 2025, and this wave of excitement seems set to continue for now!
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