A prominent crypto analyst believes that the leading cryptocurrency Solana (SOL) is poised for growth and shall rise 702.84% in the next market bull run.
The cryptocurrency analyst Captain Faibik recently took to Twitter to share a strong performance prediction for Solana (SOL) in June and July:
$SOL #Solana Looks Pretty Solid for June/July..!! pic.twitter.com/3jkLM1Aldq
— Captain Faibik (@CryptoFaibik) May 25, 2023
In the above-mentioned tweet shared by Faibik, SOL exhibits a descending channel pattern. So, as its next move, SOL is predicted by Faibik to rise 702.84% by breaking the multi-year trendline resistance at $20 for a bullish breakout. Technically, a descending channel pattern subsequently leads to an upside trend when an upper trend line penetrates.
The analyst also shared another analysis of SOL on April 11 and 12. In the April 11 analysis, the crypto YouTuber stated in a tweet that SOL is “finally breaking out of the Descending Channel after a long consolidation.”
In the April 12 analysis, the crypto analyst proclaimed via a tweet that Solana’s Descending Channel Breakout is confirmed as it is poised to rise 328.93%.
Notably, the Solana Foundation has recently integrated the American artificial intelligence (AI) research laboratory, OpenAI’s AI ChatBot, ChatGPT. It is now the first Layer-1 blockchain to integrate artificial intelligence with a Solana Labs-built ChatGPT plugin.
Further, the Solana Foundation has also introduced a 3-month long AI accelerator program for university students along with a strategic grant program to boost AI integration on Solana. The ChatGPT plugin would enable buying NFTs (Non-Fungible Tokens), transferring tokens, inspecting transactions, interpreting public account data, and sorting NFT collections by floor price.
The Solana ecosystem is committed to boost its AI technology utilities. Context, an AI-powered chat for product documentation automation, reportedly built AI-powered chatbots with the Solana ecosystem at its core.
