Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be much appreciated!
Why SOLANA can hit $1000 in this bull run?
Many analysts are optimistic about SOL's potential in the current market cycle. Here's a look at some factors to consider:
Technical Analysis (T.A.)
Bull Pennant (Possible): The 2-day timeframe suggests a potential bull pennant pattern. A clean breakout above the upper trendline could signal a significant price increase. However, confirmation is needed.
Fundamental Analysis (F.A.)
ETF Race: The recent filing for SOL ETFs could attract institutional investment, potentially boosting demand.
Buy some SOL now and add more in the dip. The strong buy zone is in the $115-$125 range.
What are your thoughts on SOL's current price action? Do you see a bullish pattern? Share your analysis in the comments below!