• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Will Solana (SOL) Price Hit $1000 in the Upcoming Bull Run?

user avatar

by Giorgi Kostiuk

2 years ago


As the month or year's first half concludes, the cryptocurrency markets witness notable strength, particularly in tokens such as Solana. Solana's price has managed to remain above a bullish threshold, hinting at a potential surge in buying activity that could trigger a robust uptrend in the near future. Despite closing the weekly trade on a positive note, Solana's price is expected to undergo a period of consolidation before further advancements. The current market conditions indicate that bulls are steadily accumulating gains, with the price holding within a narrow range above the $144 support level. The ongoing upward trend throughout the day's trading session suggests that Solana is poised to end the monthly trade with a bullish tone, having already confirmed its price bottoms. The token's consolidation phase echoes a previous pattern that led to a substantial price increase of nearly 1000% to achieve an all-time high of $260. The looming question is whether SOL price will witness a similar surge and reach $1000. Analysis of Solana's historical chart reveals a familiar price action reminiscent of the period before the 2021 bull market rally commenced. The accumulation pattern and RSI levels mirror previous phases, with decreasing volume signaling bullish prospects for the cryptocurrency market. While technical analysis hints at an impending breakout from consolidation, the accumulation phase is still unfolding. Consequently, Solana (SOL) price is anticipated to demonstrate a gradual ascent within a triangular formation, touching around $145 before surging to interim peaks near $165. By the conclusion of the third quarter trade, the price is projected to converge at the triangle's apex and set off on a fresh bullish trajectory towards higher price targets.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Binance Pool Miner Reserves Decline Amid Selling Pressure

chest

In May 2026, Binance Pool miner reserves decreased from 41,987 to 41,915, indicating ongoing selling pressure from miners.

user avatarTomas Novak

Italian Police Uncover Major Tax Fraud Scheme Involving Bitcoin

chest

An Italian police unit has cracked a tax fraud case involving over a million dollars, utilizing Bitcoin inscriptions to conceal undeclared capital gains.

user avatarMaya Lundqvist

Bitcoin's RSI Indicates Bullish Momentum

chest

Bitcoin's weekly Relative Strength Index (RSI) retested the 50 level, indicating potential for price expansion.

user avatarKaterina Papadopoulou

Solana's price steadies and seeks to rebound.

chest

Solana's price has shown signs of recovery after finding support at 8350, but faces resistance below 8850.

user avatarLeo van der Veen

Ethereum Faces Sustained Selling Pressure Amid Market Analysis

chest

Ethereum has lost over 12% of its value in the past ten days due to consistent selling pressure.

user avatarAisha Farooq

Coinbase Enhances Compliance Workflows with AI Integration

chest

Coinbase has integrated AI into its compliance workflows, achieving a 90% improvement in restriction resolution time, but resulting in approximately 700 layoffs.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.