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After consolidating in an ascending triangle, it's gaining momentum with strong volume. The 50-day MA is holding strong. Expect a retest of the breakout level, and if it holds, targets of $0.0026, $0.0034, and $0.0040 are in sight.
SOL just hit a new yearly high, nearing its all-time high of $260.
Bullish Pattern: Analysts are spotting a strong “cup-and-handle” pattern on the monthly chart, suggesting a potential surge to $400.
Booming Ecosystem: Solana’s DEX volume has skyrocketed, surpassing major networks like Ethereum and BNB Chain. This indicates rapid growth and strong community support.
Strong Fundamentals: Positive on-chain metrics and increasing buy volume are further fueling the bullish momentum. Is a massive price surge on the horizon for Solana?