A crypto market expert expressed optimistic predictions for Solana (SOL), suggesting the cryptocurrency could replicate Ethereum’s historical rise to new highs and reach $1,000. This expert foresees SOL hitting new all-time highs this bullish cycle.
On August 12, a crypto analyst known as ‘Kaleo’ on X shared positive expectations for Solana during this bull market, observing that Solana’s price chart was mirroring Ethereum’s in late 2020.
Similar to Ethereum's significant price increase in 2020, Kaleo predicts Solana could follow the same growth trajectory, reaching $1,000 during the present bull market.
Despite volatile market movement, Solana's price performance has seen considerable gains, peaking at $200 this year. Currently, SOL trades at $143.6, showing a 0.48% increase in the last 24 hours.
Crypto analysts continue to express bullish sentiment for Solana, with ‘Crypto Jack’ predicting an explosive rally if SOL breaks above $190.
Another analyst, ‘Crypto Curb,’ shares similar positive projections, forecasting Solana to reach $1,000 after exiting its current consolidation phase. Curb anticipates a climb through the $400 to $500 range first, before achieving the $800 to $1,000 target.
