With Solana (SOL) trading at a new record high, the decentralized finance (DeFi) token’s technical indicators suggest it is primed for further upside.
Specifically, Solana has completed Base 2 of its parabolic curve pattern, setting the stage for a climb toward the $1,000 range, known as Base 3, according to an analysis by Trader Tardigrade shared in an X post on November 22.
According to the outlook, SOL’s journey began with Base 1, where Solana consolidated in the $20 price range, laying the foundation for further gains. Base 2 was recently completed around the $150 range.
Looking ahead, the roadmap points to Base 4, a speculative target in the $4,000 range. If the parabolic curve pattern holds, Solana will likely become one of the most valuable assets in the market.
SOL price analysis chart. Source: TradingView
Significance of Solana hitting $4,000
To this end, if Solana were to achieve a valuation of $4,000, it would command a market capitalization of about $1.9 tr
We współpracy z: https://finbold.com/solanas-path-to-4000-now-open-after-hitting-ath/
