Although the crypto market is seeing a decline, there is a growing sense of optimism surrounding Solana (SOL). Curbo, a market strategist and trader, has identified Solana’s upcoming price goals as $400 and $500.
Curbo has expressed strong confidence in Solana’s long-term potential. He has the belief that Solana must break out of its current consolidation phase to attain these objectives.
Curbo says that if SOL can successfully surpass this period of consolidation, it has the potential to experience a substantial increase in value, potentially reaching approximately $400 and $500.
This forecast is consistent with the increasing anticipation that SOL could attain even greater levels by the conclusion of the current bullish market phase. Following the achievement of $500, Solana can further increase and may reach a range of $800 to $1,000 in the foreseeable future.
XForce Global predicts that Solana has the potential to achieve a price range of $400 to $500. This prediction is based on the similarities between Solana’s current situation and the historical position of Bitcoin.
Crypto Kaleo has suggested that Solana may replicate Ethereum’s previous spike, noting that Solana’s chart has a comparable pattern to Ethereum’s in 2020, shortly before it experienced a significant increase to reach new record levels.
Kaleo predicts that if Solana follows a comparable trajectory in the current bullish market phase, the cryptocurrency might potentially achieve the highly expected price target of $1,000 before the conclusion of the cycle.
These optimistic forecasts indicate that Solana is positioned for a significant surge in the present market cycle. The crucial factor in harnessing Solana’s potential resides in its capacity to transcend its existing price range, which has functioned as both a support and resistance level.
Recently, Solana came under scrutiny for its high transaction failure rates.
