Solana Price Outlook: Analyst Predicts Breakout to $3,000

Analysts are bullish on Solana’s price outlook, predicting a breakout to the $3,000 mark. A textbook cup-and-handle pattern indicates strong potential for a significant price surge after years of consolidation. This pattern signals a powerful bullish setup that has been building since late 2021. Key signs include institutional investment exceeding $300 million in the Solana ecosystem and technical indicators like the RSI hovering near 63, suggesting a breakout is imminent. The potential for a rally toward $200 is high, with several major institutions backing the project’s growth.