Amid all the noise around Bitcoin and Ethereum, which, of course, deserve the spotlight, let’s not forget Solana ($SOL).
This is a strong signal that investors believe Solana could rocket to the moon, potentially outpacing Bitcoin’s gains – something it has already done before.
Publicly traded companies now hold nearly 6M $SOL worth over $1.1B.
And this figure is only expected to rise as we head into September and a potential altcoin season, fueled largely by expectations of a Federal Reserve rate cut.
The biggest reason behind DeepSeek’s bullish stance on Solana is the near certainty of a Solana ETF approval in 2025.
An ETF would be a massive price catalyst. Not only would it open the door for billions in institutional inflows, but it would also make Solana far more accessible to everyday investors through traditional brokerage accounts.
In addition to strong fundamental tailwinds, there’s no shortage of technical bullishness either.
On the charts, DeepSeek pointed to an upcoming breakout of a major consolidation zone, one that has been in the making since March of this year.
By measuring the width of this consolidation range (blue box) and projecting it onto the breakout level, the AI arrived at a lofty $400 target for Solana in the current cycle.
Even better? DeepSeek’s Solana forecast isn’t an outlier. Several respected crypto analysts share similar outlooks.
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Disclaimer: This article is not financial advice. Crypto investments are highly risky, so kindly do your own research before jumping in.
