Recent events have just brought Solana (SOL) in the highlights again, drawing in both experts and investors due to its notable price gain. As it has just surpassed BNB and became the fourth largest crypto currency by market capitalization. As per the analysts, the price of Solana is likely to see a remarkable growth of over 700% in upcoming bull trend, which will ultimately result in the price reaching $1,440.
Experts says that Solana’s recent break above the top trendline of this pennant is a strong sign that prices will indeed see a rise. This implies that although the break from the pennant is positive, instantaneous market circumstances could not entirely support the predicted upward trajectory.
Looking forward, the projection for some upcoming months shows a more significant increase of 70%, indicating great increasing momentum as the state of the market gets better. The one-year estimate also shows a 55% rise in Solana’s value, therefore highlighting a generally good long-term future.
As of now, at the time of writing this article, Solana is trading around $185 - $187 and has gained over 10.5% this week and stands at #4 in terms of market capitalization, as per the data from CoinMarketCap.