Собственный token net Solana SOL appears to be poised for a significant price move with a target at $370, as indicated by the massive Cup and Handle pattern forming on the chart.
On the daily chart compiled by market analyst The Moon, Altcoyin is forming a bullish Cup and Handle pattern, indicating a potential parabolic surge. A breakout of the upper boundary of this pattern could trigger a significant increase in SOL price to $370.
Another market observer Dan John believes that SOL price dynamics depend on more significant factors. According to his forecast, the cryptocurrency’s growth Solana is possible in the case when Bitcoin (BTC) to hit record high of $100.
However if Bitcoin will slow down the upward movement, the rise of altcoins will stop. Thus, in his opinion, relying solely on technical indicators is risky. When making investment decisions, traders and investors should consider many factors, including fundamental analysis and overall market sentiment.
