Analyst Ali Martinez has identified a bullish cup and handle pattern in Solana's chart, suggesting a potential price surge to $4,000, requiring a 1,734% increase from its current price of $218. Despite recent fluctuations, Solana has established support at $204 and surpassed resistance levels at $210 and $212. The Bitwise investment team anticipates significant growth for Solana by 2025, projecting a price target of $750 as more projects adopt the network. On-chain data indicates a recovery in staking activity, with over 400 million tokens staked, reflecting strong network confidence.