 
 
The altcoin rally has yet to peak, and although not all 75 altcoins have outperformed Bitcoin over the last 90 days—a signal that validates altcoin season, Solana (SOL) is one of the few altcoins taking in notable gains.
After maintaining an upward momentum this week, SOL bulls have managed to close the week above the $200 price mark. One market player closing following the asset is predicting continuous upside that could send SOL to a never-before-seen.
Crypto analyst Ali Charts has taken to X to make a bullish price forecast. This time, his gaze is focused on the sixth-largest altcoin, SOL, and the analyst is forecasting $360 as an attainable price point in the long term.
Ali Chart has broken down the reasoning behind his bullish outlook, explaining that SOL bulls could make a long shot and cross its previous all-time high of $294 to set a new record.
However, as the analyst observed, a bearish barrier awaits the asset, as a price decline might be observed during SOL’s journey to a new ATH. This analyst refers to the decline as a “buying the dip” opportunity, suggesting that the price drop could serve as an entry point for latecomers until the bulls re-awaken.
 
At report time, SOL is trading for $181, with hourly, 1-day, and 7-day gains totalling at 2.04%, 2.411% and 4.76% respectively.
Analysts are also debating the possibility of a flippening as SOL’s market cap closes in on BNB’s. Notably, SOL’s total market cap value sits at $98.6 billion, while BNB’s is at $115.04 billion.
The coming week remains crucial for SOL as a drop could send the asset to previous support, while a continued rally could send SOL to a new ATH.
Source: https://zycrypto.com/a-solana-sol-reversal-is-expected-before-bulls-target-360-but-heres-why-its-bullish/