Solana is on a path to a hit a price target of $420 mid-term, within 1-3 months. This is the continuation of the uptrend that started in early April with the end of the previous correction and a more than a year long strong low.
This is not for the faint of heart. Solana is preparing for something massive, even scary but positive. $600+ is also possible but we are going step by step and $420 is the first step.
Immediately when prices start to rise Solana is likely to find resistance around $220 and $253.
The last high, January 2025, would be the minimum on this bullish wave. This would be price tag of $296.
The end of the retrace happened 22-June. This means that the market is already bullish for an entire week. Bitcoin is about to produce the best possible weekly close. As Bitcoin is ultra-bullish above $106,000/$107,000, the altcoins can continue to recover and will aim higher trying to catch up. Of course, no altcoin can catch up to Bitcoin but invariably the entire market will grow.
The wait is over, we are bullish now. Timing is great.
Bullish momentum will grow for weeks and then a major force will permeate the market, something not seen in many years. I hope you are prepared.
Namaste.
