Solana's $100 Support Wall Sets Stage for 10X Move

Solana's price action has been drawing attention from market analysts and investors alike. At least 40 million coins have changed hands around the $100 support level, according to renowned market analyst Ali Martinez. This on-chain support could be a crucial turning point for the cryptocurrency.

Martinez notes that Solana is currently trading at $117.25, representing a 15.9% increase in the past week. If the price attempts another leg higher, the $100 support zone will become increasingly important.

Additionally, Martinez points out a massive cup-and-handle pattern on Solana's weekly chart, with the neckline sitting near $360. If this level is reached, it could open the door for a long-term target of $1,300, which would represent a 10x jump from current levels.