Analyst Predicts Solana Will Surpass All-Time Highs

Analysts predict that Solana's price could surge to new highs if Ethereum reaches $10,000, with potential targets of $1,000 or $581 .

This is due to the strong correlation between Solana and Ethereum, with a correlation coefficient of 0.79, meaning that when Ethereum rises, Solana typically follows .

Key Factors Influencing Solana's Price:

Ethereum's Price: If Ethereum breaks the $10,000 mark, Solana's price could increase substantially .

Correlation with Ethereum: Solana's price tends to follow Ethereum's, with a correlation coefficient of 0.79 .

Bullish Patterns: Solana's weekly chart shows two bullish scenarios, including a bull pennant and Fibonacci retracement, which could push the price to $365 or higher.

Potential Price Targets:

$1,000, representing a 484% increase from current levels .

$581, reflecting a 239.78% increase, based on the correlation with Ethereum .

Keep in mind that cryptocurrency markets are highly volatile, and predictions should not be taken as investment advice .