Solana (SOL) has been performing well over the past week, despite a downturn in the broader cryptocurrency market. TradingShot has conducted an analysis and predicts that SOL could rise to as high as $4,000 in this cycle, based on key technical factors. The support level of SOL's one-week moving average (MA50) is crucial, and if it fails, the price could test the MA200, which may impact the continuation of the bullish cycle. The relative strength index (RSI) is another important indicator to monitor, and if a similar pattern to the previous cycle occurs, SOL could experience a rise of over 51,250%. However, a more realistic target for shorter-term investors is $850. The activity of whales is also contributing to SOL's potential rise, with one whale recently purchasing a significant amount of tokens and staking a large amount, indicating a long-term bullish outlook. Furthermore, Solana's network has seen a surge in daily active addresses, reaching a record high of 5.5 million, which highlights growing adoption.



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