Solana (SOL) Price Eyes More Gains This Cycle, Fractal Patterns From Q3 2021 Suggest: Analyst

SOL's price has successfully recovered from the losses of the past few months, surpassing the $150 level and overcoming key resistance walls

Solana (SOL) 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.

After a weekend of gains, Solana (SOL) is now up over 6% in the past 24 hours and 438% year-to-date.

Solana (SOL) 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.

Solana’s (SOL) price has successfully recovered from the losses of the past few months, surpassing the $150 level and key resistance walls.

Solana (SOL) 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 both cases, the most significant returns are just around the corner.

Solana is expected to remain a hub for on-chain activity throughout the rest of this market cycle due to its accessibility to retail investors, making it an appealing asset.

Solana boasts a market cap of $71 billion, significantly lower than Ethereum’s $403 billion. Still, according to Cheung’s analysis.

if SOL were to reach 50% of Ethereum’s market cap, its market capitalization would reach a staggering $280 billion.

Solana is trading at $152 at the time of writing, up over 6% in the 24-hour time frame and a significant 438% year-to-date.

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