After Solana (SOL) broke through the key $200 psychological level, a trading expert projects that the cryptocurrency still has momentum, with a potential path toward $1,000.
According to Master Ananda’s outlook, the ongoing rally marks the start of a much larger bullish cycle. He noted that while Solana’s recovery may feel gradual, the move from the April 7 low to July 21, just 98 days, is relatively quick, as he explained in a TradingView post on July 21.
SOL price analysis chart. Source: TradingView
With an all-time high of $295, Ananda believes resistance will be cleared with ease, similar to Bitcoin’s (BTC) recent breakout, which culminated in a record high above $123,000.
The expert now expects Solana to reach $420 in the mid-term, with $620 and $1,000 as potential upside targets in the current bull market. Notably, a rally to $1,000 would mark a 400% gain from current levels.
Technically, Solana recently broke out of a long-term bullish consolidation, clear
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