Solana Price Target Reached: Megaphone Pattern Signals $210 Potential

A new technical chart pattern on the Solana (SOL) price suggests the altcoin could reach a target of $210. The ‘megaphone’ pattern, evident on the 4-hour chart, indicates increased volatility as prices surge in recent days. Analysts attribute this rise to a burgeoning ecosystem fueled by DeFi growth and institutional interest, with Solana achieving a $4 billion realized cap increase and over 731 million transactions.