Following Bitcoin and other altcoins like Ethereum, Solana is edging higher, clawing its way back after sharp losses in June. Even though the buyers are yet to reclaim the $155 support level, the expansion over the last few days has seen the coin add 25% after plunging in early July. Is SOL Preparing For $1,000? These encouraging gains over the last few days have seen traders project major gains in the coming days and weeks. Taking to X, one analyst said the coin would easily be more than 6X from spot rates, rallying to as high as $1,000 in the next bull cycle. As things stand, it is evident that SOL is already in an uptrend. At the depth of the bear run in 2022, the collapse of FTX and Alameda Research saw SOL plunge to as low as $8. The coin rallied over the last few months, especially from H2 2023, reaching $210 in March 2023. Related Reading: Solana Bullish Run: SOL’s 5% Surge Brings $160 Within Reach Nonetheless, the cool-off of the past three months hasn’t canceled out the primary uptrend. If anyt ..
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