Crypto analyst Marty Party has a bold prediction for Solana (SOL). He sees striking similarities between Solana's price trajectory and Ethereum's past performance, suggesting a potential surge to a whopping $2,800 for SOL.

This optimistic outlook, shared by Altcoin Buzz analyst Cody Buffinton, comes despite Solana's recent price dip mirroring a broader crypto market correction.

Solana's Downturn and Historical Parallels

Solana followed the overall market trend, experiencing a price decline. But analyst Marty Party sees a silver lining. He compares Solana's recent performance to Ethereum's price movements in 2017, suggesting a similar bullish run could be on the horizon for SOL.

Earlier this year, Solana skyrocketed, nearly reaching its all-time high of $259 in March. However, this rally was followed by a correction, with SOL dropping 58% to a new low of $121 on July 5th.

Interestingly, Marty points out that Ethereum faced a similar pattern after its 2017 rally. The price plunged a staggering 95%. However, this downturn paved the way for a massive 2,000% surge over 660 days, propelling ETH to a record high of $4,875 in November 2021. Notably, Solana also experienced a similar dip before the 2021 bull run.

Solana's Potential Upsurge, A 619-Day Cycle?

Based on these historical comparisons, Marty suggests Solana might be primed for a similar price explosion. He observes that roughly 619 days have elapsed since Solana's downturn. If the historical pattern holds true, there could be about 50 days before a potential surge begins.

This translates to a phenomenal rally for Solana, with a target price of $2,800, representing a staggering 1,180% increase from its current price.

Current Market Status

At the time of writing, CoinMarketCap data shows Solana trading at $154.61, with a slight increase of 0.79% in the recent intraday session.