According to an analyst known as 'CryptoRus', the Solana (SOL) price could potentially reach a new all-time high (ATH) of $4,000. The analyst points to a breakout from a Cup and Handle pattern as a bullish signal, indicating a strong upward trend. The analyst's chart suggests that Solana experienced a period of consolidation and recovery, with a breakout signal expected once resistance levels between $195 and $255 are surpassed. The analyst projects a further upside above $4,450 to $5,000, which would require a 2,027% rally from its current price. Solana has been seeing significant gains recently and is currently trading at $237, with a 14.88% increase in the last seven days and a 41.7% increase in the past month.
BIS Report Questions Decentralization of Liquidity Provision in Uniswap Amid Institutional Dominance
Metacade and SuperVerse Partner to Revolutionize On-Chain Gaming with Pool Prizes on Base Blockchain