$SOL is currently showing positive stability, reinforcing strength after establishing a solid support level at $167. With this momentum, the asset is likely to move towards the target of $381 faster than expected, especially if Bitcoin's upward trend continues to bolster positive market sentiment. Dependence on Bitcoin's trajectory may play a crucial role in maintaining the upward momentum of $SOL, particularly in the context of a volatile cryptocurrency market.
According to historical data, SOL has recorded profits of up to 840% in previous bull runs. The increase in trading volume along with support factors from the larger market may attract more attention from investors, boosting capital flow into this asset. Investors should closely monitor Bitcoin's developments and macroeconomic indicators to assess the potential for achieving higher price milestones in the near future.