Crypto
Solana Surges to 9-Month High as Analysts Predict Explosion to $500
Solana (SOL) has reached its highest price in nine months after a significant 16% weekly surge to around $120. Analysts predict that SOL is set for further growth, with some targeting an explosion to $500.
The rally comes on the back of a broader market resurgence, with Bitcoin (BTC) briefly touching $87,000. Several analysts have weighed in on the SOL price action, highlighting bullish patterns and indicators.
Veteran trader Peter Brandt identified a textbook cup-and-handle pattern on Solana's chart, while analyst Gerla believes that expansion is now happening at a fast pace, setting $500 as a target.