$SOL
Solana’s Next Leg Up? One Analyst Thinks $420 Is Just the Beginning
Ananda warned that those still sidelining SOL may miss out, highlighting a bullish reversal structure with parabolic potential shaping the mid-term Solana price outlook.
Their analysis notes macroeconomic shifts as a potential catalyst for altcoins, with the US Federal Reserve expected to initiate interest rate cuts in the coming months.
For now, however, the broader altcoin market remains stagnant as US-EU tariff tensions rise and investors flock to safe-haven assets like Bitcoin and gold amid a weakening dollar.
Analyst Anticipates Parabolic Move Beyond $420
Mastor Ananda highlighted a “textbook” rounded bottom pattern breakout—spurred by an 80% climb since the mid-April market bottom—has set Solana on the path to new all-time highs
With a break above its baseline resistance at $160, the level has now flipped to support as a psychological stronghold for the market.
