Solana ($SOL ) is trading at a new all-time high, and the token’s technical indicators suggest that the token is poised for further gains.
Specifically, Solana has completed its parabolic curve stage, setting the stage for a rally to the $1,000 range
According to the forecast, SOL’s path began with Base 1, where Solana consolidated in the $20 price range, setting the stage for further gains. Base 2 was recently completed in the range around $150.
The roadmap calls for Base 4 with a speculative target in the $4,000 range. If the parabolic curve holds, Solana is likely to become one of the most valuable assets in the market after Bitcoin.
If Solana were to reach $4,000, the cryptocurrency’s market cap would reach $1.9 trillion. Such a significant influx of capital would likely require active participation from institutional players, likely interested in the possible emergence of an exchange-traded fund (ETF) based on SOL.
In the current situation, the crypto asset is looking to maintain its current momentum. Rekt Capital analyst believes that after reaching $260, Solana needs a weekly close or a retest above the key $250 level
