Solana Price Prepares for Big Move, Expert Sees SOL Rally to $1000

Solana price has been recently showing strength above $85. Market experts believe that a quick 20-30% move above $100 can’t be ruled out.

At press time, SOL was in the same buying range, which triggered 2200% rally in the past. Overall, the market sentiment is turning bullish with inflows into spot Solana ETF resuming again.

Solana Price Looks For Quick 20-30% Gains Ahead

Analyst Daan Crypto Trades noted that Solana price has stayed in a 10% trading range for the past three months.

The analyst noted that current volatility levels are among the lowest seen for Solana in years. This shows that a significant SOL price move could happen soon.

According to the analysis, the direction of the breakout will depend on which side of the range breaks first. However, Daan Crypto Trades expects the move to be substantial rather than short-lived.

The analyst also believes that a breakout from the current compression phase could lead to 20-30% upside in the near term.

Another market expert, DonAlt, also shared a bullish outlook on Solana. He noted that the worst phase of the correction may now be behind the asset. The analyst compared the Solana price chart setup to Ethereum during the previous market cycle.

This suggests it could still offer trading opportunities if timed correctly. However, DonAlt noted that while Solana may continue to recover. Its upside performance could underperform relative to other assets in the broader crypto market.

Can Solana Price See 2200% Upside?

Popular crypto analyst Crypto Patel stated that Solana price has returned to the same accumulation zone. This historically triggered a 2,200% upside. The analyst suggested that the current setup could position Solana for another strong move during the next altcoin market cycle.

Crypto Patel said Solana price could reach the $1,000 level if broader altseason momentum returns. This shows the growing optimism around SOL’s long-term potential.

However, blockchain analytics firm Santiment has reported that weekly active addresses on Solana have dropped from 5.01 million in early February to 2.89 million in the latest week. This decline comes as the SOL price has remained relatively stagnant in comparison to its peers.

Despite weaker network activity, Santiment noted that bullish sentiment toward Solana has climbed to its highest level since January. According to the firm, there are currently around 3.2 bullish comments for every bearish comment across social media platforms.

Santiment added that there’s growing optimism of a potential Solana price breakout, especially as SOL lags behind BTC and other large-cap crypto. However, Santiment said that improvements in network utility and user activity are essential to support this breakout.

Solana ETFs See Fresh Inflows

Starting this week, Spot Solana ETFs have started seeing fresh inflows after muted inflows over the past few weeks. As per data from Farside Investors, the Bitwise Solana ETF has gathered around $4 million in inflows. This happened over the past two trading sessions.

The total inflows across all ETFs as of now currently stands just above $1 billion. Once the Solana price momentum picks up, inflows are likely to amplify further.