According to CoinGate, the price of Solana (SOL) recently broke out of a long 234-day consolidation zone, raising the possibility of up to 900% gains.
Currently, SOL is trading at $220, and Trump's victory and Cannery Capital's application for a Solana ETF are factors that could further support this bullishness.
According to the media, the breakout has pushed SOL above a key resistance zone of $180-200, which has been accompanied by strong buying interest, increasing the likelihood of bullish sustainability. The recent 27% increase in trading volume also adds to the bulls' credibility. If the historical pattern repeats itself, the door is open for Solana to surpass $1,000 and reach up to $1,900.
