Solana price is expected to make a big jump from its current level to $4,500. This prediction is based on the cup handle formation seen on the Solana charts. SOL, which has strong fundamentals, displays a positive outlook with the recent price increases.
Price Increase Potential
There is a clear cup handle pattern on Solana’s weekly chart. This pattern shows that SOL price could increase by 2,600% to $4,500. The cup handle formation generally indicates that the rise will continue. SOL, which dropped from $206 to $9.20 with the collapse of FTX in 2022, is now giving signs of recovery with this formation.
Solana’s Place in the DeFi Ecosystem
Solana is ahead of other chains in terms of decentralized exchange (DEX) volume. According to DeFiLlama data, the Solana network is the leader in daily and weekly trading volumes. In the last 24 hours, the Solana network reached $2.17 billion in DEX trading volume, increasing Ethereum 
$2,622It surpassed ‘s volume of 1 billion dollars in the same period. Looking at weekly data, Solana exceeds Ethereum’s volume of $ 8.8 billion with $ 12.8 billion.
This data shows that Solana is increasingly preferred in the DeFi ecosystem and could challenge Ethereum’s market share. Solana price is outperforming Ethereum in the bull market. Since the beginning of this year, SOL has increased by 63%, while ETH has increased by 17%.
Short Term Expectations
Solana price is expected to reach $190-195 by the end of this month. According to CoinGape analysts, Solana could trade in the $230-$250 range and approach its current highs.
In the long term, analysts predict Solana could reach four-digit revenues next year. This rise could mark the top of the bull market. Thanks to its strong fundamentals and leadership in the DeFi ecosystem, Solana continues to support price growth.
As a result, Solana offers significant long-term potential for investors. In particular, revenue generation potential and developments in the ecosystem can shape price movements.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
