Solana could soar to $840 this year!

Sol is undoubtedly one of the winners of this cycle, with a gain of over 1,000% in a year. Moreover, the upward trend has been further fueled by the fact that several viral meme coins on the Solana blockchain reached a market cap of $1 billion last year.

Regarding Solana's price action, crypto analysts point out that a large cup-and-handle pattern is forming on the chart. This pattern is significant because it has historically signaled an upward trend, as seen in 2021 when Solana's price broke through its all-time high of $250.

Given that the price has continued to climb over the past day, this indicates that Solana's price is under buying pressure, which is quite bullish for the coin in the long run. If this buying pressure continues, the altcoin may soon set a new all-time high.

Currently, SOL is trading just above $151, up 4.59% over the past day. On the weekly and monthly charts, prices are up 7.22% and 5.08% respectively. $ETH #山寨季何时到来？ $SOL