Pictured image from Dall-E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
A crypto market expert has expressed bullish optimism for Solana (SOL), predicting that the cryptocurrency is currently on track to replicate Ethereum\u2019s historical rise to new highs. As a result, the expert foresees SOL hitting new all-time highs of $1,000 this bullish cycle.\u00a0 Solana Sets Sights On $1,000 On August 12, a crypto analyst identified as \u2018Kaleo\u2019 on X (formerly Twitter) shared his optimistic expectations for Solana\u2019s future outlook during this bull market. Kaleo observes that the Solana\u2019s price chart was currently replicating a pattern previously seen in Ethereum in late 2020.\u00a0 Related Reading: Bitcoin Risks Further Decline As Bearish Death Cross Returns Comparing Solana\u2019s market movement with that of Ethereum at the time, the analyst disclosed that SOL may be following a similar growth trajectory to Ethereum\u2019s past performance in the last cycle. He noted that Ethereum had experienced a significant price increase in 2020, eventually reaching new all-time highs.\u00a0 Based on Solana\u2019s current price movements, Kaleo predicts that the cryptocurrency could reach a reasonable target of $1,000 during the present bull market. This potential price increase is rooted in the assumption that Solana will mirror Ethereum\u2019s bullish price action in the previous cycle.\u00a0 Since the beginning of the year, Solana\u2019s price performance has been notably bullish, witnessing significant price surges that have pushed it as high as $200 at some point. Although the cryptocurrency has experienced its fair share of price declines, recording a more than 9% drop over the past week. As of the latest update, the price of the cryptocurrency is trading at $143.6, marking a 0.48% increase in the last 24 hours, according to CoinMarketCap.\u00a0 Given Solana\u2019s relatively strong price fundamentals amidst market volatility, crypto analysts continue to express bullish expectations for the altcoin. A crypto analyst identified as \u2018Crypto Jack\u2019 has noted that Solana is steadily approaching critical resistance levels. He predicts that if the cryptocurrency breaks above $190, it could be poised for an explosive rally to the upside soon.\u00a0 Analysts Double Down On Solana\u2019s $1,000 Bull Rally Sharing similar bullish projections with Kaleo, a crypto analyst recognised as \u2018Crypto Curb\u2019 on X has revealed new price targets for Solana. According to Curb\u2019s post, Solana is set to experience a steady price increase before reaching a new high at $1,000.\u00a0 Related Reading: XRP Price Prediction: Analyst Says God Candle Will Send Price To $57 Sharing a price chart of Solana\u2019s movement from 2021 to 2024, the analyst disclosed that SOL has been consolidating between the $120 to $210 mark for the past 170 days. During this time, the cryptocurrency was seen bouncing between monthly support and resistance levels.\u00a0 Curb predicts that once Solana emerges from its ongoing consolidation phase, the cryptocurrency is likely to see a substantial upward movement. He anticipates a rapid climb to the $400 to $500 range first, followed by an even larger increase to between $800 and $1,000 or more.\u00a0 Pictured image from Dall-E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":598528,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625,84543],"tags":[8323,89213,16163,1946,7931,6931,8686,78803,12837,89406,86420,83626,89405,85361,86410,83627],"class_list":["post-636116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","category-solana","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt","tag-sol","tag-sol-news","tag-sol-price","tag-solana","tag-solana-news","tag-solana-price","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\n
Can Solana Replicate Ethereum's Run To Reach $1,000? Expert Answers<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n