Solana Price Recovery: Analyst Sets $27 Price Target for $SOL
Solana Price To Reach $27 Caleb Franzen, the Founder of Cubic Analytics, has shared his thoughts on Solana ($SOL) through a tweet . In his Analysis , Franzen suggests that Solana is gearing up for another attempt at upward movement in its price. advertisement According to Franzen, there are three key steps that Solana needs to follow to achieve this potential price increase. Step 1 involves breaking the trend line, which typically signifies a shift in market sentiment. Once the trend line is broken, Step 2 suggests that SOL should utilize this newly established trend line as a support level. Finally, in Step 3, Franzen sets a target price of approximately $27 for Solana. As of now, $SOL is priced at $21.79, marking a 4.49% increase. The market capitalization stands at $8,750,222,715. Considering the target set by Franzen, approximately a 23.88% increase is needed for Solana’s price to reach $27 from the current price. Recommended A...