Solana's price witnessed a 1.88% hike in the last 24 hours, driven by a market-wide relief rally. This positive shift empowers SOL buyers to cross the 200-day mark, enhancing the bullish trend's momentum.
Amid the emergence of a bullish chart pattern and increased network revenue, Solana is strategically positioned for continued growth. This development suggests that the layer-1 cryptocurrency is primed for a recovery phase.
An analyst has boldly forecasted that Solana is motivated to reach the $1,000 mark, highlighting its potential for further ascension in the cryptocurrency market.
