Solana (SOL), the fifth largest cryptocurrency in the industry, saw a notable resurgence over the weekend, in line with the broader market rally and Bitcoin’s (BTC) rebound towards the $63,000 mark for the first time in over a week. SOL’s price has successfully recovered from the losses of the past few months, surpassing the $150 level and overcoming key resistance walls, coupled with an optimistic statement from Daniel Cheung, co-founder of the hedge fund Syncracy Capital, who believes that SOL is exhibiting similar fractal patterns reminiscent of the third quarter of 2021, potentially leading to explosive gains. More Gains Ahead For SOL In a social media post on Sunday, Cheung expressed his bullish perspective on SOL’s price action as the token closed the past week on a bullish note, also drawing comparisons to the third quarter of 2021, from which SOL’s price began its rise from a low of $27 at the end of July that year, eventually reaching its current all-time high of $259 in November 2021. Cheung also drew parallels to the fourth quarter of 2020, highlighting that in bo ..
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