The asset management giant VanEck has predicted that Solana (SOL) could reach a new high of $500 during the current bull market in the cryptocurrency industry, set to peak in Q1 2025 and reach new highs in Q4. This prediction is supported by technical analysis, which shows that SOL has formed a bullish flag-and-pole pattern and is poised for a 70% increase if it breaks out of this pattern. On-chain metrics also indicate strong bullish sentiment among traders for SOL. Currently, SOL is trading around $222 with a slight decline in price and reduced trading volume.



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