Solana ($SOL) recently dipped ๐ by 30%, but according to crypto analyst Lark Davis, this might be a good thing! He sees this pullback as a healthy retest of a year-long consolidation pattern ๐. This pattern often precedes a powerful breakout, potentially sending Solana's price soaring ๐.
Davis envisions a price surge that could take Solana to dizzying heights: $420, $680, and even potentially $950 to $1,100! ๐คฏ This would absolutely crush its previous all-time high of $270.
But Davis also sounds a note of caution โ ๏ธ. He advises traders to be mindful of their profits and consider taking some off the table at key levels. "Greed can be a dangerous game in crypto," he warns.
So, what does this mean for you? If you're a Solana investor, this news might have you feeling bullish ๐. However, remember to stay disciplined and don't get carried away by the hype.
