 
 
Solana (SOL) is one of the most talked about Altcoins in the cryptocurrency ecosystem and for good reason; SOL outperformed in August and has continued on an upward trajectory this September.
Almost every notable crypto investor, analytical firm, and market analyst has shared a bullish take on SOL, and the most prominent voices are all pointing out the same thing: SOL is headed for a long-term rally.
Leading on-chain analytics platform Glassnode reports that Solana open interest has surged past $7 billion following SOL’s price rally above the $200 price mark. The new development hints at a massive expansion in market participation in recent times.
Solana’s revenue has also notably emerged as the highest, according to a new market report. Data from Blockworks Research also revealed that Solana has generated $1.25 billion in Year-to-date revenue—nearly 2.5x more than Ethereum, further suggesting an increase in demand for blockspace.
Solana (SOL) price predictions are increasingly bullish
From a technical angle, the price outlook is just as bullish, as prominent market analyst Lark Davis observed that SOL is making yet another attempt to break out of its 2021 all-time high of $260.
 
While the asset is significantly below this price level, Lark’s technical target is $255. The analyst is looking to DATs and ETF approvals as potential catalysts for the much-needed price rally to never-before-seen levels.
Meanwhile, pseudonymous analyst Dan Crypto gave a detailed overview of SOL’s current state, highlighting the asset’s slow but consistent attempt at a recovery.
“SOL Still slowly grinding higher within this rising wedge structure. As long as this trends higher on these lower timeframes I think it will eventually make that move back to the 2021 highs. But as we speak, it is against resistance so we’ll have to wait and see how it reacts here first.” The analyst wrote.
Although the asset has been trading upwards, the analyst expects SOL to imitate BTC and ETH in terms of downward momentum.
SOL, up 6.57% from the last 7 days, is trading at $239 per token.
Source: https://zycrypto.com/almost-every-expert-is-bullish-on-solana-sol-heres-exactly-why/